| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | By: Bernal H.B. No. 361 | |
| 2 | 2 | ||
| 3 | 3 | ||
| 4 | 4 | ||
| 5 | 5 | ||
| 6 | 6 | A BILL TO BE ENTITLED | |
| 7 | 7 | AN ACT | |
| 8 | 8 | relating to the appraisal of a residence homestead for ad valorem | |
| 9 | 9 | tax purposes. | |
| 10 | 10 | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
| 11 | 11 | SECTION 1. Section 23.01, Tax Code, is amended by adding | |
| 12 | 12 | Subsection (i) to read as follows: | |
| 13 | 13 | (i) In determining the market value of a residence | |
| 14 | 14 | homestead, the chief appraiser shall only consider the value of | |
| 15 | 15 | other residence homesteads in the same neighborhood. Real property | |
| 16 | 16 | without an exemption under Section 11.13 shall not be considered by | |
| 17 | 17 | the chief appraiser when determining the market value of real | |
| 18 | 18 | property with an exemption under Section 11.13. | |
| 19 | 19 | SECTION 2. This Act applies only to ad valorem taxes imposed | |
| 20 | 20 | for a tax year beginning on or after the effective date of this Act. | |
| 21 | 21 | SECTION 3. This Act takes effect January 1, 2026. |