Texas 2025 - 89th Regular

Texas House Bill HB3130 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	89R6210 LHC-D
2	2	By: Bhojani H.B. No. 3130
3	3
4	4
5	5
6	6
7	7	A BILL TO BE ENTITLED
8	8	AN ACT
9	9	relating to a limitation on increases in the appraised value for ad
10	10	valorem tax purposes of residential real property leased to an
11	11	elderly person.
12	12	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
13	13	SECTION 1. Section 1.12(d), Tax Code, as effective until
14	14	January 1, 2027, is amended to read as follows:
15	15	(d) For purposes of this section, the appraisal ratio of
16	16	property to which Section 23.23, [or] 23.231, or 23.232 applies is
17	17	the ratio of the property's market value as determined by the
18	18	appraisal district or appraisal review board, as applicable, to the
19	19	market value of the property according to law. The appraisal ratio
20	20	is not calculated according to the appraised value of the property
21	21	as limited by Section 23.23, [or] 23.231, or 23.232.
22	22	SECTION 2. Section 1.12(d), Tax Code, as effective January
23	23	1, 2027, is amended to read as follows:
24	24	(d) For purposes of this section, the appraisal ratio of
25	25	property [a homestead] to which Section 23.23 or 23.232 applies is
26	26	the ratio of the property's market value as determined by the
27	27	appraisal district or appraisal review board, as applicable, to the
28	28	market value of the property according to law. The appraisal ratio
29	29	is not calculated according to the appraised value of the property
30	30	as limited by Section 23.23 or 23.232.
31	31	SECTION 3. Subchapter B, Chapter 23, Tax Code, is amended by
32	32	adding Section 23.232 to read as follows:
33	33	Sec. 23.232. LIMITATION ON APPRAISED VALUE OF RESIDENTIAL
34	34	REAL PROPERTY LEASED TO ELDERLY PERSON. (a) In this section:
35	35	(1) "Fair market rent" means the most recent
36	36	applicable fair market rent established by the United States
37	37	Department of Housing and Urban Development for the zip code in
38	38	which the property is located.
39	39	(2) "New improvement" means an improvement to real
40	40	property described by Subsection (b) made after the most recent
41	41	appraisal of the property that increases the market value of the
42	42	property and the value of which is not included in the appraised
43	43	value of the property for the preceding tax year. The term does not
44	44	include repairs to or ordinary maintenance of an existing structure
45	45	or the grounds or another feature of the property.
46	46	(b) This section applies only to real property that:
47	47	(1) is a single-family residential property leased to
48	48	a lessee who is 65 years of age or older and used by the lessee as a
49	49	primary residence; and
50	50	(2) is leased to a lessee for a rent that does not
51	51	exceed the fair market rent.
52	52	(c) This section does not apply to property appraised under
53	53	Subchapter C, D, E, F, G, or H.
54	54	(d) Notwithstanding the requirements of Section 25.18 and
55	55	regardless of whether the appraisal office has appraised the
56	56	property and determined the market value of the property for the tax
57	57	year, an appraisal office may increase the appraised value of real
58	58	property described by Subsection (b) for a tax year to an amount not
59	59	to exceed the lesser of:
60	60	(1) the market value of the property for the most
61	61	recent tax year that the market value was determined by the
62	62	appraisal office; or
63	63	(2) the sum of:
64	64	(A) 10 percent of the appraised value of the
65	65	property for the preceding tax year;
66	66	(B) the appraised value of the property for the
67	67	preceding tax year; and
68	68	(C) the market value of all new improvements to
69	69	the property.
70	70	(e) If only part of a parcel of real property qualifies for
71	71	the limitation provided by Subsection (d), the limitation applies
72	72	only to that part of the parcel.
73	73	(f) When appraising real property described by Subsection
74	74	(b), the chief appraiser shall:
75	75	(1) appraise the property at its market value; and
76	76	(2) include in the appraisal records both the market
77	77	value of the property and the amount computed under Subsection
78	78	(d)(2).
79	79	(g) The limitation provided by Subsection (d) takes effect
80	80	as to a parcel or part of a parcel of real property described by
81	81	Subsection (b) on January 1 of the tax year following the first tax
82	82	year in which the owner of the property leases the property to a
83	83	lessee and for an amount described by Subsection (b). Except as
84	84	provided by Subsection (h), the limitation expires on January 1 of
85	85	the tax year following the first tax year in which the owner of the
86	86	property ceases to lease the property to a lessee or for an amount
87	87	described by Subsection (b).
88	88	(h) Notwithstanding Subsections (a)(2) and (d) and except
89	89	as provided by Subdivision (2) of this subsection, an improvement
90	90	to property that would otherwise constitute a new improvement is
91	91	not treated as a new improvement if the improvement is a replacement
92	92	structure for a structure that was rendered unusable by a casualty
93	93	or by wind or water damage. For purposes of appraising the property
94	94	under Subsection (d) in the tax year in which the structure would
95	95	have constituted a new improvement:
96	96	(1) the appraised value the property would have had in
97	97	the preceding tax year if the casualty or damage had not occurred is
98	98	considered to be the appraised value of the property for that year,
99	99	regardless of whether that appraised value exceeds the actual
100	100	appraised value of the property for that year as limited by
101	101	Subsection (d); and
102	102	(2) the replacement structure is considered to be a
103	103	new improvement only if:
104	104	(A) the square footage of the replacement
105	105	structure exceeds that of the replaced structure as that structure
106	106	existed before the casualty or damage occurred; or
107	107	(B) the exterior of the replacement structure is
108	108	of higher quality construction and composition than that of the
109	109	replaced structure.
110	110	(i) In this subsection, "disaster recovery program" means
111	111	the disaster recovery program administered by the General Land
112	112	Office or by a political subdivision of this state that is funded
113	113	with community development block grant disaster recovery money
114	114	authorized by federal law. Notwithstanding Subsection (h)(2), and
115	115	only to the extent necessary to satisfy the requirements of the
116	116	disaster recovery program, a replacement structure described by
117	117	that subdivision is not considered to be a new improvement if to
118	118	satisfy the requirements of the disaster recovery program it was
119	119	necessary that:
120	120	(1) the square footage of the replacement structure
121	121	exceed that of the replaced structure as that structure existed
122	122	before the casualty or damage occurred; or
123	123	(2) the exterior of the replacement structure be of
124	124	higher quality construction and composition than that of the
125	125	replaced structure.
126	126	(j) To receive a limitation under Subsection (d), a person
127	127	claiming the limitation must annually apply for the limitation by
128	128	filing an application with the chief appraiser of the appraisal
129	129	district. The chief appraiser shall accept and approve or deny an
130	130	application. For property appraised by more than one appraisal
131	131	district, a separate application must be filed in each appraisal
132	132	district to receive the limitation in that district.
133	133	(k) The comptroller, in prescribing the contents of the
134	134	application form for a limitation under Subsection (d), shall
135	135	ensure that the form requires an applicant to provide the
136	136	information necessary to determine the validity of the limitation
137	137	claim. The form must require an applicant to provide the
138	138	applicant's name and driver's license number, personal
139	139	identification certificate number, social security number, or
140	140	taxpayer identification number. The comptroller shall include on
141	141	the form a notice of the penalties prescribed by Section 37.10,
142	142	Penal Code, for making or filing an application containing a false
143	143	statement and shall include on the form a statement explaining that
144	144	the application must be made annually. In this subsection,
145	145	"driver's license" and "personal identification certificate" have
146	146	the meanings assigned by Section 11.43(f).
147	147	(l) To receive a limitation under Subsection (d) for a tax
148	148	year, a person must apply for the limitation not later than May 1 of
149	149	that year. Except as provided by Subsection (m), if the person
150	150	fails to timely file a completed application, the person may not
151	151	receive the limitation for that year.
152	152	(m) The chief appraiser shall accept and approve or deny an
153	153	application for a limitation under Subsection (d) for a tax year
154	154	after the deadline for filing the application has passed if the
155	155	application is filed not later than one year after the delinquency
156	156	date for the taxes on the property for that tax year. If a late
157	157	application is approved after approval of the appraisal records by
158	158	the appraisal review board, the chief appraiser shall notify the
159	159	collector for each taxing unit in which the property is located. If
160	160	the tax has not been paid, the collector shall deduct from the
161	161	person's tax bill the difference between the taxes that would have
162	162	been due had the property not qualified for the limitation and the
163	163	taxes due after taking the limitation into account. If the tax has
164	164	been paid, the collector shall refund the difference.
165	165	(n) This subsection expires January 1, 2030. For purposes
166	166	of applying the limitation provided by Subsection (d) in the first
167	167	tax year after the 2025 tax year in which the property is appraised
168	168	for taxation:
169	169	(1) the property is considered to have been appraised
170	170	for taxation in the 2025 tax year at a market value equal to the
171	171	appraised value of the property for that tax year; and
172	172	(2) a person who acquired real property described by
173	173	Subsection (b) in a tax year before the 2025 tax year is considered
174	174	to have acquired the property on January 1, 2025.
175	175	SECTION 4. Section 41.41(a), Tax Code, as effective until
176	176	January 1, 2027, is amended to read as follows:
177	177	(a) A property owner is entitled to protest before the
178	178	appraisal review board the following actions:
179	179	(1) determination of the appraised value of the
180	180	owner's property or, in the case of land appraised as provided by
181	181	Subchapter C, D, E, or H, Chapter 23, determination of its appraised
182	182	or market value;
183	183	(2) unequal appraisal of the owner's property;
184	184	(3) inclusion of the owner's property on the appraisal
185	185	records;
186	186	(4) denial to the property owner in whole or in part of
187	187	a partial exemption;
188	188	(4-a) determination that the owner's property does not
189	189	qualify for the circuit breaker limitation on appraised value
190	190	provided by Section 23.231;
191	191	(4-b) determination that the owner's property does not
192	192	qualify for the limitation on appraised value provided by Section
193	193	23.232;
194	194	(5) determination that the owner's land does not
195	195	qualify for appraisal as provided by Subchapter C, D, E, or H,
196	196	Chapter 23;
197	197	(6) identification of the taxing units in which the
198	198	owner's property is taxable in the case of the appraisal district's
199	199	appraisal roll;
200	200	(7) determination that the property owner is the owner
201	201	of property;
202	202	(8) a determination that a change in use of land
203	203	appraised under Subchapter C, D, E, or H, Chapter 23, has occurred;
204	204	or
205	205	(9) any other action of the chief appraiser, appraisal
206	206	district, or appraisal review board that applies to and adversely
207	207	affects the property owner.
208	208	SECTION 5. Section 41.41(a), Tax Code, as effective January
209	209	1, 2027, is amended to read as follows:
210	210	(a) A property owner is entitled to protest before the
211	211	appraisal review board the following actions:
212	212	(1) determination of the appraised value of the
213	213	owner's property or, in the case of land appraised as provided by
214	214	Subchapter C, D, E, or H, Chapter 23, determination of its appraised
215	215	or market value;
216	216	(2) unequal appraisal of the owner's property;
217	217	(3) inclusion of the owner's property on the appraisal
218	218	records;
219	219	(4) denial to the property owner in whole or in part of
220	220	a partial exemption;
221	221	(4-a) determination that the owner's property does not
222	222	qualify for the limitation on appraised value provided by Section
223	223	23.232;
224	224	(5) determination that the owner's land does not
225	225	qualify for appraisal as provided by Subchapter C, D, E, or H,
226	226	Chapter 23;
227	227	(6) identification of the taxing units in which the
228	228	owner's property is taxable in the case of the appraisal district's
229	229	appraisal roll;
230	230	(7) determination that the property owner is the owner
231	231	of property;
232	232	(8) a determination that a change in use of land
233	233	appraised under Subchapter C, D, E, or H, Chapter 23, has occurred;
234	234	or
235	235	(9) any other action of the chief appraiser, appraisal
236	236	district, or appraisal review board that applies to and adversely
237	237	affects the property owner.
238	238	SECTION 6. Section 42.26(d), Tax Code, as effective until
239	239	January 1, 2027, is amended to read as follows:
240	240	(d) For purposes of this section, the value of the property
241	241	subject to the suit and the value of a comparable property or sample
242	242	property that is used for comparison must be the market value
243	243	determined by the appraisal district when the property is subject
244	244	to the limitation on appraised value imposed by Section 23.23, [or]
245	245	23.231, or 23.232.
246	246	SECTION 7. Section 42.26(d), Tax Code, as effective January
247	247	1, 2027, is amended to read as follows:
248	248	(d) For purposes of this section, the value of the property
249	249	subject to the suit and the value of a comparable property or sample
250	250	property that is used for comparison must be the market value
251	251	determined by the appraisal district when the property is [a
252	252	residence homestead] subject to the limitation on appraised value
253	253	imposed by Section 23.23 or 23.232.
254	254	SECTION 8. Sections 403.302(d) and (i), Government Code, as
255	255	effective until January 1, 2027, are amended to read as follows:
256	256	(d) For the purposes of this section, "taxable value" means
257	257	the market value of all taxable property less:
258	258	(1) the total dollar amount of any residence homestead
259	259	exemptions lawfully granted under Section 11.13(b) or (c), Tax
260	260	Code, in the year that is the subject of the study for each school
261	261	district;
262	262	(2) one-half of the total dollar amount of any
263	263	residence homestead exemptions granted under Section 11.13(n), Tax
264	264	Code, in the year that is the subject of the study for each school
265	265	district;
266	266	(3) the total dollar amount of any exemptions granted
267	267	before May 31, 1993, within a reinvestment zone under agreements
268	268	authorized by Chapter 312, Tax Code;
269	269	(4) subject to Subsection (e), the total dollar amount
270	270	of any captured appraised value of property that:
271	271	(A) is within a reinvestment zone created on or
272	272	before May 31, 1999, or is proposed to be included within the
273	273	boundaries of a reinvestment zone as the boundaries of the zone and
274	274	the proposed portion of tax increment paid into the tax increment
275	275	fund by a school district are described in a written notification
276	276	provided by the municipality or the board of directors of the zone
277	277	to the governing bodies of the other taxing units in the manner
278	278	provided by former Section 311.003(e), Tax Code, before May 31,
279	279	1999, and within the boundaries of the zone as those boundaries
280	280	existed on September 1, 1999, including subsequent improvements to
281	281	the property regardless of when made;
282	282	(B) generates taxes paid into a tax increment
283	283	fund created under Chapter 311, Tax Code, under a reinvestment zone
284	284	financing plan approved under Section 311.011(d), Tax Code, on or
285	285	before September 1, 1999; and
286	286	(C) is eligible for tax increment financing under
287	287	Chapter 311, Tax Code;
288	288	(5) the total dollar amount of any captured appraised
289	289	value of property that:
290	290	(A) is within a reinvestment zone:
291	291	(i) created on or before December 31, 2008,
292	292	by a municipality with a population of less than 18,000; and
293	293	(ii) the project plan for which includes
294	294	the alteration, remodeling, repair, or reconstruction of a
295	295	structure that is included on the National Register of Historic
296	296	Places and requires that a portion of the tax increment of the zone
297	297	be used for the improvement or construction of related facilities
298	298	or for affordable housing;
299	299	(B) generates school district taxes that are paid
300	300	into a tax increment fund created under Chapter 311, Tax Code; and
301	301	(C) is eligible for tax increment financing under
302	302	Chapter 311, Tax Code;
303	303	(6) the total dollar amount of any exemptions granted
304	304	under Section 11.251 or 11.253, Tax Code;
305	305	(7) the difference between the comptroller's estimate
306	306	of the market value and the productivity value of land that
307	307	qualifies for appraisal on the basis of its productive capacity,
308	308	except that the productivity value estimated by the comptroller may
309	309	not exceed the fair market value of the land;
310	310	(8) the portion of the appraised value of residence
311	311	homesteads of individuals who receive a tax limitation under
312	312	Section 11.26, Tax Code, on which school district taxes are not
313	313	imposed in the year that is the subject of the study, calculated as
314	314	if the residence homesteads were appraised at the full value
315	315	required by law;
316	316	(9) a portion of the market value of property not
317	317	otherwise fully taxable by the district at market value because of
318	318	action required by statute or the constitution of this state, other
319	319	than Section 11.311, Tax Code, that, if the tax rate adopted by the
320	320	district is applied to it, produces an amount equal to the
321	321	difference between the tax that the district would have imposed on
322	322	the property if the property were fully taxable at market value and
323	323	the tax that the district is actually authorized to impose on the
324	324	property, if this subsection does not otherwise require that
325	325	portion to be deducted;
326	326	(10) the market value of all tangible personal
327	327	property, other than manufactured homes, owned by a family or
328	328	individual and not held or used for the production of income;
329	329	(11) the appraised value of property the collection of
330	330	delinquent taxes on which is deferred under Section 33.06, Tax
331	331	Code;
332	332	(12) the portion of the appraised value of property
333	333	the collection of delinquent taxes on which is deferred under
334	334	Section 33.065, Tax Code;
335	335	(13) the amount by which the market value of property
336	336	to which Section 23.23, [or] 23.231, or 23.232, Tax Code, applies
337	337	exceeds the appraised value of that property as calculated under
338	338	Section 23.23, [or] 23.231, or 23.232, Tax Code, as applicable; and
339	339	(14) the total dollar amount of any exemptions granted
340	340	under Section 11.35, Tax Code.
341	341	(i) If the comptroller determines in the study that the
342	342	market value of property in a school district as determined by the
343	343	appraisal district that appraises property for the school district,
344	344	less the total of the amounts and values listed in Subsection (d) as
345	345	determined by that appraisal district, is valid, the comptroller,
346	346	in determining the taxable value of property in the school district
347	347	under Subsection (d), shall for purposes of Subsection (d)(13)
348	348	subtract from the market value as determined by the appraisal
349	349	district of properties to which Section 23.23, [or] 23.231, or
350	350	23.232, Tax Code, applies the amount by which that amount exceeds
351	351	the appraised value of those properties as calculated by the
352	352	appraisal district under Section 23.23, [or] 23.231, or 23.232, Tax
353	353	Code, as applicable. If the comptroller determines in the study
354	354	that the market value of property in a school district as determined
355	355	by the appraisal district that appraises property for the school
356	356	district, less the total of the amounts and values listed in
357	357	Subsection (d) as determined by that appraisal district, is not
358	358	valid, the comptroller, in determining the taxable value of
359	359	property in the school district under Subsection (d), shall for
360	360	purposes of Subsection (d)(13) subtract from the market value as
361	361	estimated by the comptroller of properties to which Section 23.23,
362	362	[or] 23.231, or 23.232, Tax Code, applies the amount by which that
363	363	amount exceeds the appraised value of those properties as
364	364	calculated by the appraisal district under Section 23.23, [or]
365	365	23.231, or 23.232, Tax Code, as applicable.
366	366	SECTION 9. Sections 403.302(d) and (i), Government Code, as
367	367	effective January 1, 2027, are amended to read as follows:
368	368	(d) For the purposes of this section, "taxable value" means
369	369	the market value of all taxable property less:
370	370	(1) the total dollar amount of any residence homestead
371	371	exemptions lawfully granted under Section 11.13(b) or (c), Tax
372	372	Code, in the year that is the subject of the study for each school
373	373	district;
374	374	(2) one-half of the total dollar amount of any
375	375	residence homestead exemptions granted under Section 11.13(n), Tax
376	376	Code, in the year that is the subject of the study for each school
377	377	district;
378	378	(3) the total dollar amount of any exemptions granted
379	379	before May 31, 1993, within a reinvestment zone under agreements
380	380	authorized by Chapter 312, Tax Code;
381	381	(4) subject to Subsection (e), the total dollar amount
382	382	of any captured appraised value of property that:
383	383	(A) is within a reinvestment zone created on or
384	384	before May 31, 1999, or is proposed to be included within the
385	385	boundaries of a reinvestment zone as the boundaries of the zone and
386	386	the proposed portion of tax increment paid into the tax increment
387	387	fund by a school district are described in a written notification
388	388	provided by the municipality or the board of directors of the zone
389	389	to the governing bodies of the other taxing units in the manner
390	390	provided by former Section 311.003(e), Tax Code, before May 31,
391	391	1999, and within the boundaries of the zone as those boundaries
392	392	existed on September 1, 1999, including subsequent improvements to
393	393	the property regardless of when made;
394	394	(B) generates taxes paid into a tax increment
395	395	fund created under Chapter 311, Tax Code, under a reinvestment zone
396	396	financing plan approved under Section 311.011(d), Tax Code, on or
397	397	before September 1, 1999; and
398	398	(C) is eligible for tax increment financing under
399	399	Chapter 311, Tax Code;
400	400	(5) the total dollar amount of any captured appraised
401	401	value of property that:
402	402	(A) is within a reinvestment zone:
403	403	(i) created on or before December 31, 2008,
404	404	by a municipality with a population of less than 18,000; and
405	405	(ii) the project plan for which includes
406	406	the alteration, remodeling, repair, or reconstruction of a
407	407	structure that is included on the National Register of Historic
408	408	Places and requires that a portion of the tax increment of the zone
409	409	be used for the improvement or construction of related facilities
410	410	or for affordable housing;
411	411	(B) generates school district taxes that are paid
412	412	into a tax increment fund created under Chapter 311, Tax Code; and
413	413	(C) is eligible for tax increment financing under
414	414	Chapter 311, Tax Code;
415	415	(6) the total dollar amount of any exemptions granted
416	416	under Section 11.251 or 11.253, Tax Code;
417	417	(7) the difference between the comptroller's estimate
418	418	of the market value and the productivity value of land that
419	419	qualifies for appraisal on the basis of its productive capacity,
420	420	except that the productivity value estimated by the comptroller may
421	421	not exceed the fair market value of the land;
422	422	(8) the portion of the appraised value of residence
423	423	homesteads of individuals who receive a tax limitation under
424	424	Section 11.26, Tax Code, on which school district taxes are not
425	425	imposed in the year that is the subject of the study, calculated as
426	426	if the residence homesteads were appraised at the full value
427	427	required by law;
428	428	(9) a portion of the market value of property not
429	429	otherwise fully taxable by the district at market value because of
430	430	action required by statute or the constitution of this state, other
431	431	than Section 11.311, Tax Code, that, if the tax rate adopted by the
432	432	district is applied to it, produces an amount equal to the
433	433	difference between the tax that the district would have imposed on
434	434	the property if the property were fully taxable at market value and
435	435	the tax that the district is actually authorized to impose on the
436	436	property, if this subsection does not otherwise require that
437	437	portion to be deducted;
438	438	(10) the market value of all tangible personal
439	439	property, other than manufactured homes, owned by a family or
440	440	individual and not held or used for the production of income;
441	441	(11) the appraised value of property the collection of
442	442	delinquent taxes on which is deferred under Section 33.06, Tax
443	443	Code;
444	444	(12) the portion of the appraised value of property
445	445	the collection of delinquent taxes on which is deferred under
446	446	Section 33.065, Tax Code;
447	447	(13) the amount by which the market value of property
448	448	[a residence homestead] to which Section 23.23 or 23.232, Tax Code,
449	449	applies exceeds the appraised value of that property as calculated
450	450	under Section 23.23 or 23.232, Tax Code, as applicable [that
451	451	section]; and
452	452	(14) the total dollar amount of any exemptions granted
453	453	under Section 11.35, Tax Code.
454	454	(i) If the comptroller determines in the study that the
455	455	market value of property in a school district as determined by the
456	456	appraisal district that appraises property for the school district,
457	457	less the total of the amounts and values listed in Subsection (d) as
458	458	determined by that appraisal district, is valid, the comptroller,
459	459	in determining the taxable value of property in the school district
460	460	under Subsection (d), shall for purposes of Subsection (d)(13)
461	461	subtract from the market value as determined by the appraisal
462	462	district of properties [residence homesteads] to which Section
463	463	23.23 or 23.232, Tax Code, applies the amount by which that amount
464	464	exceeds the appraised value of those properties as calculated by
465	465	the appraisal district under Section 23.23 or 23.232, Tax Code, as
466	466	applicable. If the comptroller determines in the study that the
467	467	market value of property in a school district as determined by the
468	468	appraisal district that appraises property for the school district,
469	469	less the total of the amounts and values listed in Subsection (d) as
470	470	determined by that appraisal district, is not valid, the
471	471	comptroller, in determining the taxable value of property in the
472	472	school district under Subsection (d), shall for purposes of
473	473	Subsection (d)(13) subtract from the market value as estimated by
474	474	the comptroller of properties [residence homesteads] to which
475	475	Section 23.23 or 23.232, Tax Code, applies the amount by which that
476	476	amount exceeds the appraised value of those properties as
477	477	calculated by the appraisal district under Section 23.23 or 23.232,
478	478	Tax Code, as applicable.
479	479	SECTION 10. This Act applies only to the appraisal of
480	480	residential real property for ad valorem tax purposes for a tax year
481	481	that begins on or after the effective date of this Act.
482	482	SECTION 11. This Act takes effect January 1, 2026, but only
483	483	if the constitutional amendment proposed by the 89th Legislature,
484	484	Regular Session, 2025, to authorize the legislature to provide for
485	485	a limitation on the maximum appraised value for ad valorem tax
486	486	purposes of residential real property leased to an elderly person
487	487	is approved by the voters. If that amendment is not approved by the
488	488	voters, this Act has no effect.