Texas SB2520 amends the Tax Code to clarify the calculation of tax limitations on school district ad valorem taxes for elderly or disabled.

Texas SB2520 amends Section 11.26 of the Tax Code to clarify how the limitation on tax increases is calculated for school district ad valorem taxes on the homesteads of elderly or disabled individuals. Specifically, it states that the limitation is the lesser of the tax amount from the preceding year or the tax amount in the year following the homestead's qualification for the exemption. This change aims to clarify existing law and takes effect on January 1, 2026.

Texas SB2520 amends the Tax Code to clarify the calculation of tax limitations on school district ad valorem taxes for elderly or disabled.

Texas SB2520 amends Section 11.26 of the Tax Code to clarify how the limitation on tax increases is calculated for school district ad valorem taxes on the homesteads of elderly or disabled individuals. Specifically, it states that the limitation is the lesser of the tax amount from the preceding year or the tax amount in the year following the homestead's qualification for the exemption. This change aims to clarify existing law and takes effect on January 1, 2026.