Texas HB1153 amends the public school finance system to account for optional homestead exemptions in property value calculations.

Texas HB1153 amends the public school finance system to adjust property value calculations by accounting for optional homestead exemptions. It modifies the Education Code to specify that the commissioner shall use excess funds, up to $20 million annually, for grants. The bill also amends the Government Code to redefine "taxable value" and repeals Section 48.259 of the Education Code. The changes apply to school district property value studies starting from January 1, 2026, and the act takes effect September 1, 2025.

Texas HB1153 amends the public school finance system to account for optional homestead exemptions in property value calculations.

Texas HB1153 amends the public school finance system to adjust property value calculations by accounting for optional homestead exemptions. It modifies the Education Code to specify that the commissioner shall use excess funds, up to $20 million annually, for grants. The bill also amends the Government Code to redefine "taxable value" and repeals Section 48.259 of the Education Code. The changes apply to school district property value studies starting from January 1, 2026, and the act takes effect September 1, 2025.