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A BILL TO BE ENTITLED
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AN ACT
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relating to a temporary prohibition on increasing the appraised |
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value of a residence homestead for ad valorem tax purposes |
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following determination of a protest or appeal. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter A, Chapter 23, Tax Code, is amended by |
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adding Section 23.04 to read as follows: |
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Sec. 23.04. TEMPORARY PROHIBITION ON INCREASING APPRAISED |
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VALUE OF RESIDENCE HOMESTEAD. (a) The appraised value of a |
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residence homestead may not exceed the appraised value of the |
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homestead for the preceding tax year if the appraised value of the |
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property as determined by the chief appraiser for the preceding tax |
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year was reduced: |
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(1) by the appraisal review board and the board's |
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determination was not overturned on appeal; or |
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(2) as a result of the final determination of an appeal |
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of the order of the appraisal review board. |
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(b) This section does not apply to property that does not |
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qualify for an exemption under Section 11.13 in both the current tax |
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year and the preceding tax year. |
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(c) Subsection (a) does not prohibit an increase in |
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appraised value attributable to a new improvement, as defined by |
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Section 23.23(e). |
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SECTION 2. This Act applies only to the appraisal of a |
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residence homestead for ad valorem tax purposes for a tax year |
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beginning on or after the effective date of this Act. |
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SECTION 3. This Act takes effect January 1, 2008. |