88R820 LHC-D
By: Shine H.B. No. 419
A BILL TO BE ENTITLED
AN ACT
relating to an exemption from ad valorem taxation by a taxing unit
other than a school district of a portion of the appraised value of
a residence homestead based on the average appraised value in the
preceding tax year of all qualified residence homesteads located in
the same county.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 11.13, Tax Code, is amended by adding
Subsection (s) to read as follows:
(s) In addition to any other exemptions provided by this
section, an individual is entitled to an exemption from taxation by
a taxing unit other than a school district of a portion of the
appraised value of the individual's residence homestead in an
amount equal to 5 percent, or a greater percentage not to exceed 25
percent specified by the governing body of the taxing unit before
July 1 in the manner provided by law for official action by the
body, of the average appraised value in the preceding tax year of
all residence homesteads that are located in the same county as the
individual's homestead and that qualify for an exemption under this
section.
SECTION 2. Section 25.19(b), Tax Code, is amended to read as
follows:
(b) The chief appraiser shall separate real from personal
property and include in the notice for each:
(1) a list of the taxing units in which the property is
taxable;
(2) the appraised value of the property in the
preceding year;
(3) the taxable value of the property in the preceding
year for each taxing unit taxing the property;
(4) the appraised value of the property for the
current year, the kind and amount of each exemption and partial
exemption, if any, approved for the property for the current year
and for the preceding year, including an estimate for each taxing
unit other than a school district of the amount of the exemption
under Section 11.13(s), if applicable, approved for the property
for the current year, and, if an exemption or partial exemption that
was approved for the preceding year was canceled or reduced for the
current year, the amount of the exemption or partial exemption
canceled or reduced;
(5) in italic typeface, the following statement: "The
Texas Legislature does not set the amount of your local taxes. Your
property tax burden is decided by your locally elected officials,
and all inquiries concerning your taxes should be directed to those
officials.";
(6) a detailed explanation of the time and procedure
for protesting the value;
(7) the date and place the appraisal review board will
begin hearing protests;
(8) an explanation of the availability and purpose of
an informal conference with the appraisal office before a hearing
on a protest; and
(9) a brief explanation that the governing body of
each taxing unit decides whether [or not] taxes on the property will
increase and that the appraisal district only determines the value
of the property.
SECTION 3. This Act applies only to ad valorem taxes imposed
for a tax year beginning on or after the effective date of this Act.
SECTION 4. This Act takes effect January 1, 2024, but only
if the constitutional amendment proposed by the 88th Legislature,
Regular Session, 2023, authorizing the legislature to provide for
an exemption from ad valorem taxation by a political subdivision
other than a school district of a portion of the assessed value of a
residence homestead based on the average assessed value in the
preceding tax year of all qualified residence homesteads that are
located in the same county as the homestead is approved by the
voters. If that amendment is not approved by the voters, this Act
has no effect.