HB 375 — Relating to a limitation on increases in the appraised value of real property for ad valorem tax purposes.

Summary

Relating to a limitation on increases in the appraised value of real property for ad valorem tax purposes.

Bill Text

Compared against the Texas statutes as published AI-generated reading aid — verify against the official bill.

This bill amends 6 section(s) of the Texas statutes: Section 1.12(d), Tax Code, Section 23.23, Tax Code, Section 4.04, Tax Code, Section 41.41(a), Tax Code, Section 42.26(d), Tax Code, Section 4.11.

• Section 1.12(d), Tax Code

  or 23.231 or 23.231

  amended

• Section 23.23, Tax Code

  RESIDENCE HOMESTEAD → REAL PROPERTY

  amended

• Section 23.23, Tax Code

  a residence homestead 10 a residence homestead as to a residence homestead on January 1 of the tax year following the first tax year the owner qualifies the property for an exemption under Section 11.13 The that neither when the limitation took effect nor qualifies for an exemption under Section 11.13 a residence homestead → real property 3.5 real property on January 1 of the tax year following the first tax year in which the owner owns the property on January 1 Except as provided by Subsection (c-2) or (c-3), the following the year in which ceases to own the property. (c-2) If property subject to a limitation under this section qualifies for an exemption under Section 11.13 when the ownership of the property is transferred to the owner's spouse or surviving spouse, the limitation expires on January 1 of the first tax year following the year in which ceases to own the property, unless the limitation is further continued under this subsection on the subsequent transfer to a spouse or surviving spouse (c-3) If property subject to a limitation under Subsection (a), other than a residence homestead, is owned by two or more persons, the limitation expires on January 1 of the first tax year following the year in which the ownership of at least a 50 percent interest in the property is sold or otherwise transferred. (c-4) For purposes of applying the limitation provided by this section, a person who acquired real property in a tax year before the 2025 tax year, other than property that qualified as the residence homestead of the person under Section 11.13 in the 2025 tax year, is considered to have acquired the property on January 1, 2025. real property (h) In this section, "real property" includes a manufactured home as that term is defined by Section 1201.003, Occupations Code, that qualifies as a residence homestead under Section 11.13 of this code, regardless of whether the owner of the manufactured home elects to treat the manufactured home as real property under Section 1201.2055, Occupations Code.

  amended

• Section 4.04, Tax Code

  (4-a) a statement of whether the property qualifies for the circuit breaker limitation on appraised value provided by Section 23.231; (2-a) a statement of whether the property qualifies for the circuit breaker limitation on appraised value provided by Section 23.231;

  amended

• Section 41.41(a), Tax Code

  (4-a) determination that the owner's property does not qualify for the circuit breaker limitation on appraised value provided by Section 23.231;

  amended

• Section 42.26(d), Tax Code

  or 23.231

  amended

• Section 4.11

  or 23.231 Section 23.23 or 23.231, Tax Code, as applicable or 23.231 or 23.231 , as applicable or 23.231 or 23.231 , as applicable → that section

  amended

Action History

1. February 28, 2025

   Referred to s/c on Property Tax Appraisals by Speaker

2. February 28, 2025

   Read first time

3. November 12, 2024

   Filed

Sponsors

• Cody Vasut · Primary
• Lacey Hull · Cosponsor
• Joanne Shofner · Cosponsor
• Shelby Slawson · Cosponsor
• Valoree Swanson · Cosponsor

Subjects