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TX HB1367
Bill
Status
11/18/2024
Primary Sponsor
Venton Jones
Click for details
AI Summary
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Authorizes county commissioners courts to adopt a residence homestead exemption from county ad valorem (property) taxes, expressed as a specific dollar amount rather than a percentage
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Caps the maximum exemption amount at $100,000 of the appraised value of an individual's residence homestead
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Requires commissioners courts to adopt the exemption before July 1 of each year through official action
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Allows tax assessors to disregard the exemption when collecting taxes pledged for debt payment if granting the exemption would impair existing debt obligations
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Takes effect January 1, 2026, contingent upon voter approval of a related constitutional amendment proposed by the 89th Legislature
Legislative Description
Relating to the authority of the commissioners court of a county to adopt an exemption from ad valorem taxation by the county of a portion, expressed as a dollar amount, of the appraised value of an individual's residence homestead.
Property Interests
Last Action
Left pending in committee
5/5/2025