Texas SB2856 modifies penalties and interest on delinquent ad valorem taxes for residence homesteads.

Texas SB2856 amends the Tax Code to change penalties and interest for delinquent ad valorem taxes on residence homesteads. For taxes that become delinquent on or after September 1, 2025, unpaid taxes before July 1 incur a penalty and interest of 7% of the tax amount. Taxes delinquent on July 1 incur a penalty and interest of 12% of the tax amount, regardless of how long they have been delinquent. These changes apply only to taxes that become delinquent after the bill's effective date.

Texas SB2856 modifies penalties and interest on delinquent ad valorem taxes for residence homesteads.

Texas SB2856 amends the Tax Code to change penalties and interest for delinquent ad valorem taxes on residence homesteads. For taxes that become delinquent on or after September 1, 2025, unpaid taxes before July 1 incur a penalty and interest of 7% of the tax amount. Taxes delinquent on July 1 incur a penalty and interest of 12% of the tax amount, regardless of how long they have been delinquent. These changes apply only to taxes that become delinquent after the bill's effective date.