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  89R5821 CJC-D     By: Dean H.B. No. 3212       A BILL TO BE ENTITLED   AN ACT   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.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 23.23, Tax Code, is amended by adding   Subsections (h), (i), and (j) to read as follows:           (h)     The owner of a residence homestead who receives a   limitation provided by Subsection (a) on the owner's residence   homestead and who subsequently qualifies a different property as   the owner's residence homestead is entitled to a reduction in the   appraised value of the subsequently qualified homestead for the   first tax year in which the owner qualifies the subsequently   qualified homestead for an exemption under Section 11.13 in an   amount equal to the lesser of:                 (1)     the positive difference between the market value   and the appraised value of the former residence homestead for the   last tax year in which the owner qualified the former homestead for   an exemption under Section 11.13; or                 (2)  $500,000.           (i)     An owner of a residence homestead who receives a   limitation provided by Subsection (a) on the owner's residence   homestead and who subsequently qualifies a different property in a   different appraisal district as the owner's residence homestead is   entitled to receive from the chief appraiser of the appraisal   district in which the former homestead was located a written   certificate necessary to determine whether the owner is entitled to   the reduction in the appraised value of the subsequently qualified   homestead provided by Subsection (h) and to calculate the amount of   the reduction.           (j)     A residence homestead is considered to be a subsequently   qualified homestead for purposes of Subsection (h) only if the   first tax year in which the owner of the homestead qualified the   homestead for an exemption under Section 11.13 was a tax year   beginning on or after January 1, 2026.          SECTION 2.  This Act applies only to the appraisal for ad   valorem tax purposes of residence homesteads for a tax year that   begins on or after the effective date of this Act.          SECTION 3.  This Act takes effect January 1, 2026, but only   if the constitutional amendment proposed by the 89th Legislature,   Regular Session, 2025, 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 is approved by the voters.  If that amendment is   not approved by the voters, this Act has no effect.