Texas SB1237 exempts from ad valorem taxation property owned by charitable organizations providing housing and services to persons aged 62 and older.
Texas SB1237 amends the Tax Code to exempt from ad valorem taxation property owned by charitable organizations that provide housing and related services to individuals aged 62 and older. This exemption applies to housing provided in retirement communities offering independent living, assisted living, and nursing services on a single campus. The bill takes effect January 1, 2026.
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