Texas HB378 increases the exemption of residence homesteads from ad valorem taxation and provides additional state aid to school districts to offset.

Texas HB378 increases the exemption of residence homesteads from ad valorem taxation by a school district. It raises the exemption for an adult's residence homestead from $100,000 to $200,000 of the appraised value, effective January 1, 2026. The bill also provides additional state aid to school districts starting from the 2023-2024 school year to offset any loss in local revenue due to the increased exemption. This aid is contingent on the approval of a constitutional amendment proposed by the 89th Legislature, Regular Session, 2025. If the amendment is not approved, the bill has no effect.

Texas HB378 increases the exemption of residence homesteads from ad valorem taxation and provides additional state aid to school districts to offset.

Texas HB378 increases the exemption of residence homesteads from ad valorem taxation by a school district. It raises the exemption for an adult's residence homestead from $100,000 to $200,000 of the appraised value, effective January 1, 2026. The bill also provides additional state aid to school districts starting from the 2023-2024 school year to offset any loss in local revenue due to the increased exemption. This aid is contingent on the approval of a constitutional amendment proposed by the 89th Legislature, Regular Session, 2025. If the amendment is not approved, the bill has no effect.