provides $3.8 billion in school tax relief increases the homestead exemption from $15,000 to...
Post on 21-Dec-2015
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Provides $3.8 billion in school tax relief
Increases the homestead exemption from $15,000 to $25,000
Average savings of about $120 a year
State will replace lost funding
SB 1/SJR 1Nelson
The 100% homestead exemption for a severely disabled veteran will benefit a deceased veteran’s surviving spouse even if the veteran himself died before the exemption was ever enacted. It will be applied at the time of death on his homestead residence
Spouse may not remarry to maintain the exemption!!
HB 992/HJR 75Bonnen
Requires a vote of 60% of the governing body members on a tax rate that exceeds the ETR
Moves interest rates on law suit settlement refunds from prime + 2% to 9.5%
Appraisal Districts may employ an MAI as an expert for litigation
Removes refund request requirement Requires Comptroller to post all tax rates in
descending order on their website
SB 1760Creighton
Effective Date of 1-1-20
SB 450-SchwertnerThis is a Tort Claims Act bill that gives immunity to all taxing units for property that is struck off at a tax sale
SB 1452-LucioCommissioners of any county may decide to conduct the county’s tax foreclosure sales using internet auctions
Signed by the Governor
One exception: A measure that stops cities from banning
the drilling practice known as fracking
Did not outlaw municipal bag ordinances or ban red-light cameras
Did not impose appraisal caps or revenue tax rate caps
Hands Off Local Control
HB 1022-MoodyRegarding owner’s surviving spouse who has a life estate in the property-changes nothing HB 1463-RaymondCAD must make an effort to contact the homeowner before removing their HS/OV65 SB 833-CampellA homeowner will keep his homestead when he is away due to military service
Sent to the Governor
HB 394-MclendonInformation in appraisal records may not be posted on the Internet if it indicates a property owner’s age, including information that the owner is over 65 SB 1420-HancockCAD notification regarding the cancellation of an exemption
More Sent to the Governor
SB 1468-WatsonIf there are ARB members that need to be removed, the TLO may report the information to the Judge
SB 849-BettencourtChanges arbitrators fees to a sliding scale depending on the value of the property from $450-$1,050
Even more sent to the Governor
HB 1953-BonnenChanges proposed tax rate date from September 1st to 30 days after certification
HB 1933-DarbyChanges due dates for four installment payments determined by the original date of delinquency to avoid accrual of penalties and interest
Just a Couple More Sent to the Governor
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