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A BILL TO BE ENTITLED
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AN ACT
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relating to the appraisal of a residence homestead for ad valorem |
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tax purposes. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 23.01, Tax Code, is amended by adding |
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Subsection (i) to read as follows: |
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(i) In determining the market value of a residence |
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homestead, the chief appraiser shall only consider the value of |
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other residence homesteads in the same neighborhood. Real property |
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without an exemption under Section 11.13 shall not be considered by |
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the chief appraiser when determining the market value of real |
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property with an exemption under Section 11.13. |
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SECTION 2. This Act applies only to ad valorem taxes imposed |
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for a tax year beginning on or after the effective date of this Act. |
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SECTION 3. This Act takes effect January 1, 2024. |