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TX HB361
Bill
Status
5/10/2025
Primary Sponsor
Diego Bernal
Click for details
AI Summary
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Restricts chief appraisers in counties with populations over 50,000 from using certain property sales as comparable sales when appraising residence homesteads for property tax purposes
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Allows a property sale to be used as a comparable only if the sold property had a residence homestead exemption on the date of sale AND is located in the same neighborhood as the property being appraised
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Aims to ensure homestead appraisals are based on sales of similar owner-occupied properties rather than investor purchases or non-homestead transactions
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Applies only to ad valorem tax years beginning on or after January 1, 2026
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Takes effect January 1, 2026
Legislative Description
Relating to the authority of the chief appraiser of certain appraisal districts to consider a property to be a comparable property when using the market data comparison method of appraisal to determine the market value of a residence homestead for ad valorem tax purposes.
Property Interests
Last Action
Referred to Local Government
5/13/2025