TX HB4434

Extends the full-year property tax exemption treatment to totally disabled veterans (Section 11.131), making their homestead exemption effective as of January 1 of the tax year regardless of when they qualify during the year

Removes totally disabled veterans from the provision that only grants partial-year exemptions for those who qualify after January 1, aligning their treatment with other homestead exemptions for elderly, disabled, and surviving spouse categories

Provides for prorated tax calculations when a totally disabled veteran moves from one homestead to another during the same tax year, similar to existing procedures for other homestead exemptions

Requires tax assessors to recalculate and correct tax bills, and tax collectors to issue refunds, when a totally disabled veteran qualifies for the exemption after taxes have already been calculated or paid

Takes effect January 1, 2026, and applies to ad valorem tax years beginning on or after that date