Texas HB361 amends the Tax Code to restrict comparable properties for residence homestead appraisals.

Texas HB361 amends Section 23.01 of the Tax Code to specify that the chief appraiser can only consider other residence homesteads in the same neighborhood when determining the market value of a residence homestead for ad valorem tax purposes. It also mandates that properties without an exemption under Section 11.13 cannot be considered for properties with such an exemption. This Act applies to ad valorem taxes for tax years beginning after January 1, 2026.

Texas HB361 amends the Tax Code to restrict comparable properties for residence homestead appraisals.

Texas HB361 amends Section 23.01 of the Tax Code to specify that the chief appraiser can only consider other residence homesteads in the same neighborhood when determining the market value of a residence homestead for ad valorem tax purposes. It also mandates that properties without an exemption under Section 11.13 cannot be considered for properties with such an exemption. This Act applies to ad valorem taxes for tax years beginning after January 1, 2026.