Texas SB2644 amends public school finance funding based on property values, considering optional homestead exemptions.

Texas SB2644 modifies the public school finance system to base funding on property values that account for optional homestead exemptions. It amends the Education Code to adjust the taxable value calculation by deducting certain exemptions. The bill also repeals Section 48.259 of the Education Code and modifies the definition of "taxable value" in the Government Code. The changes apply to school district property value studies starting from January 1, 2026, and the act takes effect on September 1, 2025.

Texas SB2644 amends public school finance funding based on property values, considering optional homestead exemptions.

Texas SB2644 modifies the public school finance system to base funding on property values that account for optional homestead exemptions. It amends the Education Code to adjust the taxable value calculation by deducting certain exemptions. The bill also repeals Section 48.259 of the Education Code and modifies the definition of "taxable value" in the Government Code. The changes apply to school district property value studies starting from January 1, 2026, and the act takes effect on September 1, 2025.