Texas HB3886 amends the Tax Code to ensure certain persons qualify for a residence homestead exemption from ad valorem taxation in the tax year they.

Texas HB3886 amends the Tax Code to clarify that an exemption from ad valorem taxation for a residence homestead is effective as of January 1 of the tax year in which the person qualifies, applying to the entire tax year. This applies regardless of whether the property was developed, subdivided, had a physical address, or was identified in the appraisal district's records as of January 1 of that tax year. The bill also ensures that a person who qualifies for an exemption after January 1 of a tax year can still receive the exemption for that year.

Texas HB3886 amends the Tax Code to ensure certain persons qualify for a residence homestead exemption from ad valorem taxation in the tax year they.

Texas HB3886 amends the Tax Code to clarify that an exemption from ad valorem taxation for a residence homestead is effective as of January 1 of the tax year in which the person qualifies, applying to the entire tax year. This applies regardless of whether the property was developed, subdivided, had a physical address, or was identified in the appraisal district's records as of January 1 of that tax year. The bill also ensures that a person who qualifies for an exemption after January 1 of a tax year can still receive the exemption for that year.