TX HB5292

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

Caps total penalties and interest on delinquent property taxes at 5% of the delinquent tax amount, regardless of how much has actually accrued

Allows property owners to override the default payment application order by providing written instructions specifying how they want their payment applied

Applies only to payments received on or after the effective date of September 1, 2025