Texas HB3212 proposes a reduction in the appraised value of a residence homestead for ad valorem tax purposes for the first tax year in which the.
Texas HB3212 amends the Tax Code to allow a reduction in the appraised value of a residence homestead for ad valorem tax purposes for the first tax year in which the owner qualifies the property for a residence homestead exemption. This reduction is based on the amount by which the limitation on increases in the appraised value of a residence homestead reduced the appraised value of the owner's former residence homestead for the last tax year in which the owner qualified the former residence homestead for a residence homestead exemption.
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