Texas SB4 increases the exemption of residence homesteads from ad valorem taxation and protects school districts from certain revenue losses.

The bill increases the exemption of residence homesteads from ad valorem taxation by school districts and provides protection against certain losses in local revenue. It mandates that assessors prepare and mail supplemental tax bills by December 1, 2025, detailing the difference in tax amounts if certain legislative changes were not in effect. The bill also outlines provisions for districts to delay elections and adjust tax rates, contingent on voter approval of a constitutional amendment.

Texas SB4 increases the exemption of residence homesteads from ad valorem taxation and protects school districts from certain revenue losses.

The bill increases the exemption of residence homesteads from ad valorem taxation by school districts and provides protection against certain losses in local revenue. It mandates that assessors prepare and mail supplemental tax bills by December 1, 2025, detailing the difference in tax amounts if certain legislative changes were not in effect. The bill also outlines provisions for districts to delay elections and adjust tax rates, contingent on voter approval of a constitutional amendment.