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LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 89TH LEGISLATIVE REGULAR SESSION
April 2, 2025
TO:
Honorable Morgan Meyer, Chair, House Committee on Ways & Means
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
HB361 by Bernal (Relating to the appraisal of a residence homestead for ad valorem tax purposes.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would require a chief appraiser to only consider the value of other properties with a residence homestead exemption located in the same neighborhood as the subject property when determining the market value of a residence homestead.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.