Relating to the exemption from ad valorem taxation of part of the appraised value of the residence homestead of a partially disabled veteran or the surviving spouse of such a veteran based on the disability rating of the veteran.
Impact
If passed, this bill would amend the Texas Tax Code, specifically by adding Section 11.137 to establish these exemptions. The intent is to lessen the property tax burden on veterans who have incurred disabilities while serving, acknowledging their sacrifices and aiming to support their reintegration into civilian life. The survival spouses' inclusion in the bill is particularly significant, ensuring continued financial relief even after the veteran's passing, which can alleviate some financial strains during a challenging time.
Summary
House Bill 202 aims to provide an ad valorem tax exemption for the residence homestead of partially disabled veterans, as well as their surviving spouses, based on the veteran's disability rating. Specifically, the bill proposes that veterans with a disability rating of at least 10% but less than 100% will receive a tax exemption equivalent to their disability rating percentage on the appraised value of their residence homestead. Furthermore, surviving spouses who have not remarried would be entitled to the same exemption percentage applicable to the property during the veteran's lifetime, provided certain conditions are met.
Contention
While the bill is expected to garner strong support among legislators and veterans' advocacy groups, there may be concerns raised about the potential fiscal impact on the local governments. Critics might argue that the loss of tax revenue could hinder essential services funded by property taxes, prompting discussions about who bears the cost of these exemptions. The need for a constitutional amendment to authorize the exemptions could also be a point of contention, as it places the onus on voters to approve it during an election, shaping the bill's journey through legislative processes.
Texas Constitutional Statutes Affected
Tax Code
Chapter 11. Taxable Property And Exemptions
Section: New Section
Chapter 26. Assessment
Section: 10
Section: 1127
Chapter 31. Collections
Section: 031
Local Government Code
Chapter 140. Miscellaneous Financial Provisions Affecting Municipalities, Counties, And Other Local Governments
Enabling for
Proposing a constitutional amendment authorizing the legislature to provide for an exemption from ad valorem taxation of part of the market value of the residence homestead of a partially disabled veteran or the surviving spouse of such a veteran based on the disability rating of the veteran.
Relating to the exemption from ad valorem taxation of part of the appraised value of the residence homestead of a partially disabled veteran or the surviving spouse of such a veteran based on the disability rating of the veteran.
Relating to the exemption from ad valorem taxation of part of the appraised value of the residence homestead of a partially disabled veteran or the surviving spouse of such a veteran based on the disability rating of the veteran.
Relating to the exemption from ad valorem taxation of part of the appraised value of the residence homestead of a partially disabled veteran or the surviving spouse of such a veteran based on the disability rating of the veteran.
Relating to an exemption from ad valorem taxation of the residence homestead of the surviving spouse of a veteran who died as a result of a qualifying condition or disease.
Relating to an exemption from ad valorem taxation of the total appraised value of the residence homesteads of certain elderly individuals and their surviving spouses.
Relating to an exemption from ad valorem taxation of the total appraised value of the residence homesteads of certain elderly persons and their surviving spouses.
Relating to an exemption from ad valorem taxation of the total appraised value of the residence homesteads of certain disabled first responders and their surviving spouses.
Relating to an exemption from ad valorem taxation of the total appraised value of the residence homesteads of certain elderly persons and their surviving spouses.
Relating to an exemption from ad valorem taxation of the total appraised value of the residence homesteads of certain elderly persons and their surviving spouses.
Proposing a constitutional amendment authorizing the legislature to limit the maximum appraised value of residential real property for ad valorem tax purposes to 105 percent or more of the appraised value of the property for the preceding tax year, to exempt from ad valorem taxation the total appraised value of property purchased by an individual for the first tax year the individual qualifies the property as the individual's residence homestead if the property is the individual's first residence homestead and has an appraised value of less than $300,000, and to limit the total amount of ad valorem taxes that a political subdivision may impose on the residence homestead of an individual and the surviving spouse of the individual if the individual qualifies the property as the individual's residence homestead for at least 25 consecutive tax years.
Proposing a constitutional amendment authorizing the legislature to limit the maximum appraised value of residential real property for ad valorem tax purposes to 105 percent or more of the appraised value of the property for the preceding tax year, to exempt from ad valorem taxation the total appraised value of property purchased by an individual for the first tax year the individual qualifies the property as the individual's residence homestead if the property is the individual's first residence homestead and has an appraised value of less than $300,000, and to limit the total amount of ad valorem taxes that a political subdivision may impose on the residence homestead of an individual and the surviving spouse of the individual if the individual qualifies the property as the individual's residence homestead for at least 25 consecutive tax years.
Proposing a constitutional amendment authorizing the legislature to limit the maximum appraised value of residential real property for ad valorem tax purposes to 105 percent or more of the appraised value of the property for the preceding tax year, to exempt from ad valorem taxation the total appraised value of property purchased by an individual for the first tax year the individual qualifies the property as the individual's residence homestead if the property is the individual's first residence homestead and has an appraised value of less than $300,000, and to limit the total amount of ad valorem taxes that a political subdivision may impose on the residence homestead of an individual and the surviving spouse of the individual if the individual qualifies the property as the individual's residence homestead for at least 25 consecutive tax years.
Proposes constitutional amendment permitting certain veterans and their surviving spouses to receive enhanced homestead rebate amounts similar to the homestead rebate amounts allowed for senior and disabled residents.