TX HB5287

Requires tax collectors to apply property tax payments to the principal tax amount owed before applying any portion to penalties or interest, unless the property owner provides written instructions for different allocation

Caps the total combined penalties and interest on delinquent property taxes at $500 maximum, regardless of how much would otherwise be owed under standard calculations

Applies only to payments received on or after the effective date of the act

Takes effect September 1, 2025