Texas HB2525 exempts from ad valorem taxation property owned by charitable organizations providing housing and services to persons aged 62 and older.

HB2525 amends the Texas Tax Code to exempt from ad valorem taxation property owned by charitable organizations that provide housing and related facilities and services to individuals aged 62 and older. These services include housing in independent living, assisted living, or nursing facilities, as well as services like ministerial services, social services, health services, and educational services. The exemption applies to organizations that provide at least four percent of their services to this demographic. The changes take effect January 1, 2026.

Texas HB2525 exempts from ad valorem taxation property owned by charitable organizations providing housing and services to persons aged 62 and older.

HB2525 amends the Texas Tax Code to exempt from ad valorem taxation property owned by charitable organizations that provide housing and related facilities and services to individuals aged 62 and older. These services include housing in independent living, assisted living, or nursing facilities, as well as services like ministerial services, social services, health services, and educational services. The exemption applies to organizations that provide at least four percent of their services to this demographic. The changes take effect January 1, 2026.