Texas HB4434 amends tax code to adjust ad valorem tax treatment for residence homesteads of totally disabled veterans.

Texas HB4434 modifies the tax code to change how ad valorem taxes are treated for the residence homesteads of totally disabled veterans. The bill specifies that an exemption for such veterans becomes effective as of January 1 of the tax year in which the veteran qualifies and applies to the entire tax year. It also mandates that if a veteran qualifies for an exemption after the tax due on the property is calculated, the assessor must recalculate the tax due and correct the tax roll. If the tax bill has been mailed and the tax has not been paid, the assessor must send a corrected tax bill.

Texas HB4434 amends tax code to adjust ad valorem tax treatment for residence homesteads of totally disabled veterans.

Texas HB4434 modifies the tax code to change how ad valorem taxes are treated for the residence homesteads of totally disabled veterans. The bill specifies that an exemption for such veterans becomes effective as of January 1 of the tax year in which the veteran qualifies and applies to the entire tax year. It also mandates that if a veteran qualifies for an exemption after the tax due on the property is calculated, the assessor must recalculate the tax due and correct the tax roll. If the tax bill has been mailed and the tax has not been paid, the assessor must send a corrected tax bill.