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TX SB1051
Bill
Status
2/3/2025
Primary Sponsor
Juan Hinojosa
Click for details
AI Summary
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Excludes "contested taxable value" from a taxing unit's "current total value" when calculating no-new-revenue and voter-approval tax rates, specifically for property involved in anticipated substantial litigation
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Defines "anticipated substantial litigation" as appeals filed under Chapter 42 by a single property owner or associated business entities when any of their properties had a taxable value in the preceding year among the 20 highest in the appraisal district
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Requires chief appraisers to notify by July 1 each owner of property with one of the 20 highest taxable values that they may need to comply with new submission requirements, and to notify affected taxing units of those property owners
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Requires property owners intending to file qualifying appeals to submit their uncontested taxable value and a written statement of intent to pay taxes on that amount to designated taxing unit officials by August 7 or 21 days after the first protest hearing
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Applies to ad valorem tax years beginning January 1, 2025 if passed with two-thirds majority, otherwise January 1, 2026
Legislative Description
Relating to the calculation of certain ad valorem tax rates of a taxing unit for a year in which a property owner provides notice that the owner intends to appeal an order of an appraisal review board determining a protest by the owner regarding the appraisal of the owner's property.
Taxation
Last Action
Referred to Local Government
2/24/2025