TX
Texas House Bill HB2611

Texas 2025 - 89th Regular

Texas House Bill HB2611

Voted on by House
 
Out of Senate Committee
 
Voted on by Senate
 
Governor Action
 
Bill Becomes Law
 

Caption

Relating to an increase in the amount of the exemption of residence homesteads from ad valorem taxation by a school district and the protection of school districts against certain losses in local revenue.

Impact

The bill aims to benefit homeowners by reducing their property tax liability, which can be a significant financial burden. In conjunction with this exemption increase, HB2611 creates mechanisms for additional state aid to school districts that may experience decreases in their local revenue. This could help maintain funding levels for schools, ensuring that educational resources are not negatively impacted by changes in tax policy. The proposed legislation reflects an effort to balance the interests of taxpayers with the financial needs of public education.

Summary

House Bill 2611 seeks to increase the amount of exemption for residence homesteads from ad valorem taxation imposed by school districts in Texas. The proposed increase raises the exemption from $100,000 to $140,000. The intent behind this bill is to provide financial relief to homeowners, particularly in light of rising property values and associated tax burdens. Additionally, the bill includes provisions to safeguard school districts against revenue losses that may arise as a result of this increased exemption.

Contention

While proponents argue that increasing the homestead exemption is a necessary step for property tax reform and providing relief to taxpayers, there are concerns about the consequences for school funding. Critics argue that if not managed properly, this exemption increase could lead to significant financial strain on school districts, potentially impairing their ability to function effectively. The discussions around the bill also suggest a potential divide between those advocating for increased tax relief and those emphasizing the essential nature of stable funding for educational institutions.

Texas Constitutional Statutes Affected

Tax Code

  • Chapter 11. Taxable Property And Exemptions
    • Section: 13
  • Chapter 26. Assessment
    • Section: 04
    • Section: 15
  • Chapter 31. Collections
    • Section: 01

Education Code

  • Chapter 46. Assistance With Instructional Facilities And Payment Of Existing Debt
    • Section: 071
  • Chapter 48. Foundation School Program
    • Section: 2543
    • Section: 283
  • Chapter 49. Options For Local Revenue Levels In Excess Of Entitlement
    • Section: New Section
    • Section: 0121

Latest HB2611 Activity

Companion Bills

TX SB4

Identical Relating to an increase in the amount of the exemption of residence homesteads from ad valorem taxation by a school district and the protection of school districts against certain losses in local revenue.

Similar Bills

TX SB1

Relating to certain restrictions on the imposition of ad valorem taxes and to the duty of the state to reimburse certain political subdivisions for certain revenue loss; making conforming changes.

TX HB3570

Relating to an exemption from ad valorem taxation by a school district of a percentage, rather than a dollar amount, of the appraised value of a residence homestead, a reduction of the limitation on the total amount of ad valorem taxes that may be imposed by a school district on the homestead of an elderly or disabled person to reflect any increase in the exemption amount, and the protection of school districts against the resulting loss in local revenue.

TX HB56

Relating to increasing the amount of the residence homestead exemption from ad valorem taxation by a school district from $15,000 to $45,000, providing for a reduction of the limitation on the total amount of ad valorem taxes that may be imposed by a school district on the homestead of an elderly or disabled person to reflect the increased exemption amount, and protecting school districts against the resulting loss in local revenue.

TX SB1328

Relating to an increase in the amount of the residence homestead exemption from ad valorem taxation by a school district and the increase of the exemption amount in subsequent years to reflect inflation in homestead values, a reduction of the limitation on the total amount of ad valorem taxes that may be imposed by a school district on the homestead of a disabled or elderly person to reflect the increased exemption amounts, and the protection of school districts against the resulting loss in local revenue.

TX SB1391

Relating to an increase in the amount of the residence homestead exemption from ad valorem taxation by a school district and the increase of the exemption amount in subsequent years to reflect inflation in homestead values, a reduction of the limitation on the total amount of ad valorem taxes that may be imposed by a school district on the homestead of a disabled or elderly person to reflect the increased exemption amounts, and the protection of school districts against the resulting loss in local revenue.

TX HB732

Relating to increasing the amount of the residence homestead exemption from ad valorem taxation by a school district from $15,000 to $30,000, providing for a reduction of the limitation on the total amount of ad valorem taxes that may be imposed by a school district on the homestead of an elderly or disabled person to reflect the increased exemption amount, and protecting school districts against the resulting loss in local revenue.

TX HB52

Relating to increasing the amount of the residence homestead exemption from ad valorem taxation by a school district from $15,000 to $45,000, providing for a reduction of the limitation on the total amount of ad valorem taxes that may be imposed by a school district on the homestead of an elderly or disabled person to reflect the increased exemption amount, and protecting school districts against the resulting loss in local revenue.

TX HB982

Relating to an increase in the amount of the residence homestead exemption from ad valorem taxation by a school district, a reduction of the limitation on the total amount of ad valorem taxes that may be imposed by a school district on the homestead of an elderly or disabled person to reflect the increased exemption amount, and the protection of school districts against the resulting loss in local revenue.