Loading chat...
TX HB4399
Bill
Status
3/11/2025
Primary Sponsor
Dade Phelan
Click for details
AI Summary
-
Authorizes appraisal review boards to change the appraised value of a residence homestead to match its actual sales price for the current tax year and up to two preceding tax years
-
Requires three conditions for the value change: the property must qualify as the owner's residence homestead, the sales price must be at least 10 percent less than the appraised value, and the board must find that the sales price reflects market value
-
Allows either the chief appraiser or the property owner to file a motion requesting the appraisal roll correction
-
Permits property owners to file such motions regardless of whether they previously protested the property's value under the standard protest procedures
-
Takes effect immediately with a two-thirds legislative vote, otherwise September 1, 2025; applies only to motions filed on or after the effective date
Legislative Description
Relating to the authority of an appraisal review board to direct changes in the appraisal roll and related appraisal records if a residence homestead is sold for less than the appraised value.
Property Interests
Last Action
Referred to s/c on Property Tax Appraisals by Speaker
4/1/2025