88R13155 MLH-D
By: Harris of Williamson H.B. No. 4491
A BILL TO BE ENTITLED
AN ACT
relating to the treatment of certain improvements for the
limitation on increases in the appraised value of a residence
homestead for ad valorem tax purposes.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 23.23(e), Tax Code, is amended to read as
follows:
(e) In this section, "new improvement" means an improvement
to a residence homestead made after the most recent appraisal of the
property that increases the market value of the property and the
value of which is not included in the appraised value of the
property for the preceding tax year. The term does not include:
(1) repairs to or ordinary maintenance of an existing
structure or the grounds or another feature of the property; or
(2) an improvement made using money made available
under the HOME Investment Partnerships Program or another similar
program administered by the Texas Department of Housing and
Community Affairs that provides financial assistance for the repair
and reconstruction of owner-occupied housing.
SECTION 2. This Act applies only to the appraisal for ad
valorem tax purposes of residence homesteads for a tax year that
begins on or after the effective date of this Act.
SECTION 3. This Act takes effect January 1, 2024.