LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 89TH LEGISLATIVE REGULAR SESSION April 2, 2025 TO: Honorable Morgan Meyer, Chair, House Committee on Ways & Means FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB361 by Bernal (Relating to the appraisal of a residence homestead for ad valorem tax purposes.), As Introduced No significant fiscal implication to the State is anticipated. The bill would require a chief appraiser to only consider the value of other properties with a residence homestead exemption located in the same neighborhood as the subject property when determining the market value of a residence homestead. Local Government ImpactNo significant fiscal implication to units of local government is anticipated. Source Agencies: b > td > 304 Comptroller of Public Accounts LBB Staff: b > td > JMc, KK, SD, BRI
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 89TH LEGISLATIVE REGULAR SESSION
April 2, 2025
TO: Honorable Morgan Meyer, Chair, House Committee on Ways & Means FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB361 by Bernal (Relating to the appraisal of a residence homestead for ad valorem tax purposes.), As Introduced
TO: Honorable Morgan Meyer, Chair, House Committee on Ways & Means
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HB361 by Bernal (Relating to the appraisal of a residence homestead for ad valorem tax purposes.), As Introduced
Honorable Morgan Meyer, Chair, House Committee on Ways & Means
Honorable Morgan Meyer, Chair, House Committee on Ways & Means
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
HB361 by Bernal (Relating to the appraisal of a residence homestead for ad valorem tax purposes.), As Introduced
HB361 by Bernal (Relating to the appraisal of a residence homestead for ad valorem tax purposes.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would require a chief appraiser to only consider the value of other properties with a residence homestead exemption located in the same neighborhood as the subject property when determining the market value of a residence homestead.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: b > td > 304 Comptroller of Public Accounts
304 Comptroller of Public Accounts
LBB Staff: b > td > JMc, KK, SD, BRI
JMc, KK, SD, BRI