TX SB2551

Expands eligibility for property tax installment payments to all residence homestead owners, removing previous restrictions that limited the option to only certain individuals (such as those 65 or older, disabled, or disabled veterans)

Allows homeowners to pay their residence homestead property taxes in four equal installments without penalty or interest, provided the first payment and notice to the taxing unit are made before the delinquency date

Establishes payment schedule for February 1 delinquency dates: first installment before February 1, second before April 1, third before June 1, and fourth before August 1

Permits a grace period allowing homeowners to begin the installment plan up to one month after the delinquency date while still qualifying for the four-payment option

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