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TX SB2856
Bill
Status
3/14/2025
Primary Sponsor
Jose Menendez
Click for details
AI Summary
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Caps combined penalty and interest at 7% of the tax amount for delinquent property taxes on residence homesteads that remain unpaid before July 1 of the year they become delinquent
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Sets a flat 12% total penalty and interest rate for residence homestead property taxes that are delinquent on or after July 1, regardless of how long the taxes have been unpaid
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Applies only to properties qualifying for the residence homestead exemption under Section 11.13 of the Tax Code
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Changes apply only to taxes that become delinquent on or after September 1, 2025; previously delinquent taxes remain subject to prior law
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Takes effect September 1, 2025
Legislative Description
Relating to the penalties and interest that may be incurred on delinquent ad valorem taxes imposed on a residence homestead.
Property Interests
Last Action
Referred to Local Government
4/7/2025