Loading chat...
TX SB3012
Bill
Status
3/14/2025
Primary Sponsor
Borris Miles
Click for details
AI Summary
-
Allows the 10% annual homestead appraisal cap to continue when an heir inherits property from the original homeowner or their spouse/surviving spouse and uses it as their own homestead
-
Expands the existing appraisal limitation protection beyond just the original owner and their spouse to include the first heir who acquires the property as heir property
-
Removes the current provision that automatically expires the appraisal cap when the original owner or their spouse no longer qualifies for the homestead exemption
-
Takes effect January 1, 2026, but only if voters approve a related constitutional amendment proposed by the 89th Legislature authorizing this change
-
Applies to residence homestead appraisals for tax years beginning on or after the effective date
Legislative Description
Relating to the continuation of a limitation on increases in the appraised value of a residence homestead for ad valorem tax purposes if the property is acquired by and qualifies as the homestead of an heir of the owner or the owner's spouse or surviving spouse.
Property Interests
Last Action
Referred to Local Government
4/7/2025