Texas 2021 - 87th Regular

Texas House Bill HB2288

Caption

Relating to the repeal of the additional ad valorem taxes imposed as a result of the sale or change in the use of land appraised as agricultural or open-space land.

Impact

The repeal of these additional taxes may significantly enhance the financial viability for landowners, particularly those over the age of 65 who are often at risk of facing higher tax burdens during property transitions. As a result, landowners could experience increased ability to sell their land or repurpose it without incurring hefty additional costs, fostering more fluid property markets and potentially benefitting agricultural productivity. However, this change could also affect county and local revenues that rely on these tax assessments.

Summary

House Bill 2288 aims to repeal additional ad valorem taxes that are currently imposed on agricultural or open-space land when there is a sale or a change in the use of such land. The bill focuses on amending the Texas Tax Code specifically regarding provisions that lead to these additional taxes upon the reclassification of the land. This could greatly affect property owners who utilize their land for agricultural purposes and intend to sell or change its usage, as it seeks to alleviate the financial burden placed on these transactions.

Contention

One notable point of contention surrounding HB2288 is the balance between maintaining local government revenue sources and supporting agricultural landowners. Proponents of the bill argue that unnecessary financial penalties on property change can inhibit landowners from making beneficial decisions about their property, while opponents may worry about the diminishing tax base available for local governments, which could lead to reductions in funding for essential public services. Additionally, there are concerns regarding possible changes in land use that could emerge from easing these tax burdens.

Companion Bills

TX HJR106

Enabling for Proposing a constitutional amendment repealing the provision that subjects land designated for agricultural use to an additional tax when the land is diverted to a purpose other than agricultural use or sold.

Previously Filed As

TX HB449

Relating to the repeal of the additional ad valorem taxes imposed as a result of a sale or change of use of certain land.

TX HB1027

Relating to the repeal of the additional ad valorem taxes imposed as a result of a sale or change of use of certain land.

TX SB279

Relating to the repeal of the additional ad valorem taxes imposed as a result of a sale or change of use of certain land.

TX HB4576

Relating to a limitation on increases in the appraised value for ad valorem tax purposes of agricultural or open-space land.

TX SB5

Relating to an exemption from ad valorem taxation of a portion of the appraised value of tangible personal property that is held or used for the production of income and a franchise tax credit for the payment of certain related ad valorem taxes.

TX SB289

Relating to the procedure for delivery by a chief appraiser of a form for reapplying for the appraisal of land for ad valorem tax purposes as agricultural or open-space land.

TX HB4512

Relating to the entitlement of a property owner to receive a discount for making an early payment of the ad valorem taxes on the owner's property.

TX HB1244

Relating to the authority of the owner of a residence homestead to receive a discount for making an early payment of the ad valorem taxes on the homestead.

TX HB3364

Relating to the system for appraising property for ad valorem tax purposes.

TX SB2408

Relating to the system for appraising property for ad valorem tax purposes.

Similar Bills

TX HB4959

Relating to the eligibility of certain land for appraisal for ad valorem tax purposes on the basis of its productivity value and the consequences for those purposes of a change of use or sale of the land.

TX HB449

Relating to the repeal of the additional ad valorem taxes imposed as a result of a sale or change of use of certain land.

TX HB160

Relating to the repeal of the additional ad valorem taxes imposed as a result of a sale or change of use of certain land.

TX HB124

Relating to the repeal of the additional ad valorem taxes imposed as a result of a sale or change of use of certain land.

TX SB25

Relating to the repeal of the additional ad valorem taxes imposed as a result of a sale or change of use of certain land.

TX HB4148

Relating to the repeal of the additional ad valorem taxes imposed as a result of certain changes in the use of certain land.

TX SB35

Relating to the repeal of the additional ad valorem taxes imposed as a result of a sale or change of use of certain land.

TX HB1662

Relating to the repeal of the additional ad valorem taxes imposed as a result of certain changes in the use of agricultural land, open-space land, and timber land.