TX HB3581

Extends the redemption period from 2 years to 4 years for property owners aged 65 or older whose residence homestead was sold at a property tax sale, allowing them additional time to buy back their home

Maintains the existing 2-year redemption period for all other property owners, including those with agricultural land or mineral interests sold at tax sales

Sets redemption premium at 25% of the total amount owed if property is redeemed in the first year, or 50% if redeemed in any subsequent year of the applicable redemption period

Applies only to tax sales where the deed is filed for record on or after the effective date; prior sales remain governed by existing law

Takes effect January 1, 2026, contingent upon voter approval of a related constitutional amendment proposed by the 89th Legislature