Texas SB3012 would continue a limitation on increases in the appraised value of a residence homestead for ad valorem tax purposes if the property is.

Texas SB3012 amends the Tax Code to continue a limitation on increases in the appraised value of a residence homestead for ad valorem tax purposes if the property is acquired by and qualifies as the homestead of an heir of the owner or the owner's spouse or surviving spouse. This limitation takes effect on January 1 of the tax year following the first tax year the owner qualifies the property for an exemption under Section 11.13.

Texas SB3012 would continue a limitation on increases in the appraised value of a residence homestead for ad valorem tax purposes if the property is.

Texas SB3012 amends the Tax Code to continue a limitation on increases in the appraised value of a residence homestead for ad valorem tax purposes if the property is acquired by and qualifies as the homestead of an heir of the owner or the owner's spouse or surviving spouse. This limitation takes effect on January 1 of the tax year following the first tax year the owner qualifies the property for an exemption under Section 11.13.