HB794 —

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

This bill amends 5 section(s) of the Texas statutes: Section 1.12(d), Tax Code, Section 23.23(a), Tax Code, Section 23.231, Tax Code, Section 41.41(a), Tax Code, Section 42.26(d), Tax Code.

• Section 1.12(d), Tax Code

  a homestead → property or 23.231 or 23.231

  amended

• Section 23.23(a), Tax Code

  10 → five

  amended

• Section 23.231, Tax Code

  Sec. 23.231. LIMITATION ON APPRAISED VALUE OF SINGLE-FAMILY RESIDENCE OTHER THAN RESIDENCE HOMESTEAD. (a) In this section: (1) "Disaster recovery program" means the disaster recovery program administered by the General Land Office or by a political subdivision of this state that is funded with community development block grant disaster recovery money authorized by federal law. (2) "New improvement" means an improvement to real property made after the most recent appraisal of the property that increases the market value of the property and the value of which is not included in the appraised value of the property for the preceding tax year. The term does not include repairs to or ordinary maintenance of an existing structure or the grounds or another feature of the property. (3) "Qualifying trust" has the meaning assigned by Section 11.13. (4) "Single-family residence" means a structure, including a mobile home, together with the land, not to exceed 20 acres, and improvements used in the residential occupancy of the structure, if the structure and the land and improvements have identical ownership, that: (A) is owned by one or more individuals, either directly or through a beneficial interest in a qualifying trust; (B) is designed or adapted for human residence; and (C) is used as a single-family residence. (b) This section does not apply to: (1) a residence homestead that qualifies for an exemption under Section 11.13; or (2) property appraised under Subchapter C, D, E, F, G, or H. (c) Notwithstanding the requirements of Section 25.18 and regardless of whether the appraisal office has appraised the property and determined the market value of the property for the tax year, an appraisal office may increase the appraised value of a single-family residence to which this section applies for a tax year to an amount not to exceed the lesser of: (1) the market value of the property for the most recent tax year that the market value was determined by the appraisal office; or (2) the sum of: (A) 10 percent of the appraised value of the property for the preceding tax year; (B) the appraised value of the property for the preceding tax year; and (C) the market value of all new improvements to the property. (d) When appraising a single-family residence to which this section applies, the chief appraiser shall: (1) appraise the property at its market value; and (2) include in the appraisal records both the market value of the property and the amount computed under Subsection (c)(2). (e) The limitation provided by Subsection (c) takes effect as to a single-family residence on January 1 of the tax year following the first tax year in which the owner owns the property on January 1 and in which the property is used as a single-family residence. The limitation expires on January 1 of the tax year following the tax year in which the owner of the property ceases to own the property or the property ceases to be used as a single-family residence. (f) For purposes of Subsection (e), a person who acquired a single-family residence to which this section applies before the 2023 tax year is considered to have acquired the property on January 1, 2023. (g) Notwithstanding Subsections (a) and (c) and except as provided by Subdivision (2) of this subsection, an improvement to real property that would otherwise constitute a new improvement is not treated as a new improvement if the improvement is a replacement structure for a structure that was rendered uninhabitable or unusable by a casualty or by wind or water damage. For purposes of appraising the property under Subsection (c) in the tax year in which the structure would have constituted a new improvement: (1) the appraised value the property would have had in the preceding tax year if the casualty or damage had not occurred is considered to be the appraised value of the property for that year, regardless of whether that appraised value exceeds the actual appraised value of the property for that year as limit

  added

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

  amended

• Section 42.26(d), Tax Code

  a residence homestead → or 23.231

  amended

• a residence homestead that section residence homesteads residence homesteads → property or 23.231 Section 23.23 or 23.231, Tax Code, as applicable properties or 23.231 or 23.231 , as applicable properties or 23.231 or 23.231 , as applicable

  amended

Similar bills in other states

Bills in other jurisdictions that match this one by MEANING — title, summary and subject, compared across every state we track. A strong signal the same policy is moving elsewhere.

• HB 794 Tennessee 88% Compare text
• HB 794 Tennessee 88% Compare text
• HB 794 Maryland 88% Compare text