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TX HB378
Bill
Status
11/12/2024
Primary Sponsor
Christina Morales
Click for details
AI Summary
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Increases the residence homestead exemption from school district property taxes from $100,000 to $200,000 of appraised value
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Takes effect January 1, 2026, and applies to tax years beginning on or after that date
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Provides additional state aid to school districts beginning in the 2026-2027 school year to offset revenue losses from the increased exemption
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State aid covers both maintenance and operations funding and debt service payments that districts would have received without the exemption increase
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The bill's effectiveness is contingent on voter approval of a related constitutional amendment proposed by the 89th Legislature
Legislative Description
Relating to an increase in the amount of the exemption of residence homesteads from ad valorem taxation by a school district and the protection of school districts against the resulting loss in local revenue.
Property Interests
Last Action
Referred to Ways & Means
2/28/2025