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TX HB3557
Bill
Status
2/28/2025
Primary Sponsor
Richard Raymond
Click for details
AI Summary
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Requires chief appraisers to exclude the value of incomplete structures intended for human occupancy from the market value of real property for ad valorem (property) tax purposes
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Structures qualify for exclusion only if they are intended for human occupancy, separate from any other structure on the property, and incomplete as of January 1 of the tax year
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Defines a structure as "complete" when a certificate of occupancy is issued in jurisdictions that require one, or when active construction ceases in areas without such requirements
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Applies to property tax appraisals for tax years beginning on or after January 1, 2026
Legislative Description
Relating to the exclusion from the market value of real property for ad valorem tax purposes of the value of any incomplete structure located on the property.
Property Interests
Last Action
No action taken in subcommittee
5/1/2025