TX
Texas House Bill HB3212

Texas 2025 - 89th Regular

Texas House Bill HB3212

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

Caption

Relating to providing for a reduction of the appraised value of a residence homestead for ad valorem tax purposes for the first tax year in which the owner qualifies the property for a residence homestead exemption based on the amount by which the limitation on increases in the appraised value of a residence homestead reduced the appraised value of the owner's former residence homestead for the last tax year in which the owner qualified the former residence homestead for a residence homestead exemption.

Impact

If passed, HB 3212 would directly impact state tax laws by modifying how the appraisal process is conducted for homestead properties. It introduces a more favorable approach for taxpayers, potentially leading to lower tax obligations for residents who qualify for the exemption. This change could provide significant financial relief to those moving to new homes, thereby fostering a more supportive environment for homeownership and residency stability.

Summary

House Bill 3212 aims to provide a reduction in the appraised value of a residence homestead for ad valorem tax purposes. Specifically, it allows homeowners to reduce the appraised value of their current residence based on the reduction experienced from their previous residence when they qualified for a homestead exemption. This initiative is designed to ease the financial burden on residents who may be transitioning between properties and should promote stability within the housing market by encouraging homeownership.

Contention

While this bill appears to offer benefits to taxpayers, there may be concerns regarding the implications for local tax revenue. Critics might argue that reducing the appraised value for homesteads could lead to greater funding shortfalls for local governments that rely on property taxes for essential services. Balancing the needs of homeowners with the financial health of local communities would be a point of contention in discussions surrounding this legislation.

Texas Constitutional Statutes Affected

Tax Code

  • Chapter 23. Appraisal Methods And Procedures
    • Section: New Section
  • Chapter 11. Taxable Property And Exemptions
    • Section: New Section

Companion Bills

TX HJR153

Enabling for Proposing a constitutional amendment to authorize the legislature to provide for a reduction of the appraised value of a residence homestead for ad valorem tax purposes for the first tax year in which the owner qualifies the property for a residence homestead exemption based on the amount by which the limitation on increases in the appraised value of a residence homestead reduced the appraised value of the owner's former residence homestead for the last tax year in which the owner qualified the former residence homestead for a residence homestead exemption.

Previously Filed As

TX HB794

Relating to limitations on increases in the appraised value for ad valorem tax purposes of residence homesteads and single-family residences other than residence homesteads.

TX HB32

Relating to limitations on increases in the appraised value for ad valorem tax purposes of residence homesteads and single-family residences other than residence homesteads.

TX HB419

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.

TX HB295

Relating to the limitation on increases in the appraised value of a residence homestead for ad valorem tax purposes.

TX SB178

Relating to a limitation on increases in the appraised value of real property other than a residence homestead for ad valorem tax purposes.

TX SB1019

Relating to a limitation on increases in the appraised value of real property other than a residence homestead for ad valorem tax purposes.

TX SB1065

Relating to the limitation on increases in the appraised value of a residence homestead for ad valorem tax purposes.

TX HB5013

Relating to an exemption from ad valorem taxation of 50 percent of the appraised value of the residence homestead of a person who has received a residence homestead exemption on the property for at least the preceding 10 years.

TX HB3564

Relating to the limitation on increases in the appraised value of a residence homestead for ad valorem tax purposes.

TX HJR55

Proposing a constitutional amendment to authorize the legislature to establish a lower limit on the maximum appraised value of residence homesteads for ad valorem tax purposes and to establish a limit on the value of single-family residences other than residence homesteads for those purposes.

Similar Bills

NJ S1309

Requires direct payment of homestead credit to claimant following sale of qualifying homestead and upon claimant request.

NJ S2037

Requires direct payment of homestead credit to claimant following sale of qualifying homestead and upon claimant request.

CA AB1885

Debtor exemptions: homestead exemption.

FL H1105

Rescinding a Homestead Exemption Application

NJ A5089

Prohibits homestead property tax rebates and credits and ANCHOR property tax benefits from being paid to property owners who move out of State.

CA SB832

Debtor exemptions: homestead exemption.

NJ A254

Permits eligible claimant who is proportionate owner paying entire property tax bill to collect entire homestead property tax reimbursement amount.

NJ A975

Permits eligible claimant who is proportionate owner paying entire property tax bill to collect entire homestead property tax reimbursement amount.