Texas HB670 would allow taxing units other than school districts to limit ad valorem taxes on homesteads of disabled or elderly individuals and their.

HB670 amends the Texas Tax Code to allow taxing units other than school districts to establish a limitation on the amount of ad valorem taxes imposed on the residence homesteads of individuals who are disabled or elderly and their surviving spouses. The bill specifies that the limitation applies to taxing units that have established such a limitation. It also outlines conditions under which the limitation may be increased or expire, including circumstances related to improvements to the homestead or the death of the individual.

Texas HB670 would allow taxing units other than school districts to limit ad valorem taxes on homesteads of disabled or elderly individuals and their.

HB670 amends the Texas Tax Code to allow taxing units other than school districts to establish a limitation on the amount of ad valorem taxes imposed on the residence homesteads of individuals who are disabled or elderly and their surviving spouses. The bill specifies that the limitation applies to taxing units that have established such a limitation. It also outlines conditions under which the limitation may be increased or expire, including circumstances related to improvements to the homestead or the death of the individual.