Texas HB972 proposes an exemption from ad valorem taxation for properties serving as primary residences for adults with intellectual or developmental.

HB972 amends the Texas Tax Code to exempt a portion of the appraised value of a property, excluding a residence homestead, if it is the primary residence of an adult with an intellectual or developmental disability. The exemption applies to properties where the adult is related to the owner or trustee within the third degree by consanguinity. The bill stipulates that once a person qualifies for the exemption, they need not claim it annually unless required by the chief appraiser. The exemption remains in effect until the property changes ownership or the person's qualification changes.

Texas HB972 proposes an exemption from ad valorem taxation for properties serving as primary residences for adults with intellectual or developmental.

HB972 amends the Texas Tax Code to exempt a portion of the appraised value of a property, excluding a residence homestead, if it is the primary residence of an adult with an intellectual or developmental disability. The exemption applies to properties where the adult is related to the owner or trustee within the third degree by consanguinity. The bill stipulates that once a person qualifies for the exemption, they need not claim it annually unless required by the chief appraiser. The exemption remains in effect until the property changes ownership or the person's qualification changes.