Texas SB2631 amends property tax laws to lower the age for deferral and expand eligibility.

Texas SB2631 modifies the Tax Code to allow property tax deferment for individuals who are 60 years of age or older, disabled, or qualified for an exemption. The bill also reduces the age for tax deferral eligibility from 65 to 60. This change applies to property taxes on a residence homestead owned and occupied by the individual. The bill's effective date depends on a two-thirds vote by the legislature; otherwise, it takes effect September 1, 2025.

Texas SB2631 amends property tax laws to lower the age for deferral and expand eligibility.

Texas SB2631 modifies the Tax Code to allow property tax deferment for individuals who are 60 years of age or older, disabled, or qualified for an exemption. The bill also reduces the age for tax deferral eligibility from 65 to 60. This change applies to property taxes on a residence homestead owned and occupied by the individual. The bill's effective date depends on a two-thirds vote by the legislature; otherwise, it takes effect September 1, 2025.