Texas HB152 amends the public school finance system to account for optional homestead exemptions in property values.
Texas HB152 modifies the public school finance system to adjust property values by considering optional homestead exemptions. This bill amends the Education Code to redefine "taxable value" for school districts, ensuring that the market value of taxable property is reduced by certain exemptions. The changes take effect September 1, 2025, and apply to property value studies conducted from January 1, 2026, onward.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.