Limits ad valorem taxes on homesteads of disabled or elderly individuals and their surviving spouses.

This bill amends the Texas Tax Code to establish a limitation on the total amount of ad valorem taxes that certain taxing units may impose on the residence homesteads of individuals who are disabled or elderly and their surviving spouses. It applies to taxing units other than school districts, counties, municipalities, or junior college districts. The limitation applies to the first tax year an individual qualifies for the exemption and subsequent years if the homestead remains eligible.

Limits ad valorem taxes on homesteads of disabled or elderly individuals and their surviving spouses.

This bill amends the Texas Tax Code to establish a limitation on the total amount of ad valorem taxes that certain taxing units may impose on the residence homesteads of individuals who are disabled or elderly and their surviving spouses. It applies to taxing units other than school districts, counties, municipalities, or junior college districts. The limitation applies to the first tax year an individual qualifies for the exemption and subsequent years if the homestead remains eligible.