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Texas House Bill HB3212
Texas 2025 - 89th Regular
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Texas 2025 - 89th Regular

Texas House Bill HB3212

Voted on by House
 
Out of Senate Committee
 
Voted on by Senate
 
Governor Action
 
Bill Becomes Law
 

Caption

Relating to providing for a reduction of the appraised value of a residence homestead for ad valorem tax purposes for the first tax year in which the owner qualifies the property for a residence homestead exemption based on the amount by which the limitation on increases in the appraised value of a residence homestead reduced the appraised value of the owner's former residence homestead for the last tax year in which the owner qualified the former residence homestead for a residence homestead exemption.

Impact

If passed, HB 3212 would directly impact state tax laws by modifying how the appraisal process is conducted for homestead properties. It introduces a more favorable approach for taxpayers, potentially leading to lower tax obligations for residents who qualify for the exemption. This change could provide significant financial relief to those moving to new homes, thereby fostering a more supportive environment for homeownership and residency stability.

Summary

House Bill 3212 aims to provide a reduction in the appraised value of a residence homestead for ad valorem tax purposes. Specifically, it allows homeowners to reduce the appraised value of their current residence based on the reduction experienced from their previous residence when they qualified for a homestead exemption. This initiative is designed to ease the financial burden on residents who may be transitioning between properties and should promote stability within the housing market by encouraging homeownership.

Contention

While this bill appears to offer benefits to taxpayers, there may be concerns regarding the implications for local tax revenue. Critics might argue that reducing the appraised value for homesteads could lead to greater funding shortfalls for local governments that rely on property taxes for essential services. Balancing the needs of homeowners with the financial health of local communities would be a point of contention in discussions surrounding this legislation.

Companion Bills

TX HJR153

Enabling for Proposing a constitutional amendment to authorize the legislature to provide for a reduction of the appraised value of a residence homestead for ad valorem tax purposes for the first tax year in which the owner qualifies the property for a residence homestead exemption based on the amount by which the limitation on increases in the appraised value of a residence homestead reduced the appraised value of the owner's former residence homestead for the last tax year in which the owner qualified the former residence homestead for a residence homestead exemption.

Previously Filed As

TX HJR153

Proposing a constitutional amendment to authorize the legislature to provide for a reduction of the appraised value of a residence homestead for ad valorem tax purposes for the first tax year in which the owner qualifies the property for a residence homestead exemption based on the amount by which the limitation on increases in the appraised value of a residence homestead reduced the appraised value of the owner's former residence homestead for the last tax year in which the owner qualified the former residence homestead for a residence homestead exemption.

TX HJR167

Proposing a constitutional amendment authorizing the legislature to limit the maximum appraised value of a residence homestead for ad valorem tax purposes to the lesser of the most recent market value of the residence homestead or 115 percent, or a greater percentage, of the appraised value of the residence homestead for the last year in which the residence homestead was appraised for ad valorem tax purposes, to limit the frequency of the reappraisal of a residence homestead for those purposes, and to permit the voters of a county to establish a higher limitation on the maximum appraised value of a residence homestead for those purposes.

TX SB244

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

TX HB963

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

TX SB477

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

TX HJR56

Proposing a constitutional amendment to authorize the legislature to set lower limits on the maximum appraised value of residence homesteads and of real property other than a residence homestead for ad valorem tax purposes and to make permanent the limit on the maximum appraised value of real property other than a residence homestead.

TX HJR27

Proposing a constitutional amendment to authorize the legislature to set lower limits on the maximum appraised value of residence homesteads and of real property other than a residence homestead for ad valorem tax purposes and to make permanent the limit on the maximum appraised value of real property other than a residence homestead.

TX HB338

Relating to the limitation on increases in the appraised value of a residence homestead for ad valorem taxation.

TX HB442

Relating to the limitation on increases in the appraised value of a residence homestead for ad valorem taxation.

TX HB157

Relating to the limitation on increases in the appraised value of a residence homestead for ad valorem taxation.

Similar Bills

TX HB982

Relating to the authority of a taxing unit other than a school district, county, municipality, or junior college district to establish a limitation on the amount of ad valorem taxes that the taxing unit may impose on the residence homesteads of certain low-income individuals who are disabled or elderly and their surviving spouses.

NJ A2752

Prohibits homestead property tax rebates and credits and ANCHOR property tax benefits from being paid to property owners who move out of State.

NH HB304

Relative to labeling requirements for food produced in homestead kitchens.

FL S1184

Homestead Assessment Limitation Transfer

FL S0276

Homestead Property Tax Benefits for Long-term Owners and Permanent Residents

FL H6027

Homestead Assessment Limitation Transfer

NJ A1474

Establishes pilot program in Division of Taxation to provide income tax credits for the opening of certain homesteads to hunting activities in areas with high number of wildlife incidents.

FL H0775

Assessment of Homestead Property