Bill Text: TX HB66 | 2023 | 88th Legislature 2nd Special Session | Introduced
Bill Title: Relating to notice of eligibility for a residence homestead ad valorem tax exemption.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2023-07-07 - Filed [HB66 Detail]
Download: Texas-2023-HB66-Introduced.html
| 88S20078 LHC-D | ||
| By: Raymond | H.B. No. 66 | |
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| relating to notice of eligibility for a residence homestead ad | ||
| valorem tax exemption. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Section 25.192(b), Tax Code, is amended to read | ||
| as follows: | ||
| (b) If the records of the appraisal district indicate that | ||
| the address of the property is also the address of the owner of the | ||
| property, the chief appraiser must send to the property owner a | ||
| notice that contains: | ||
| (1) the following statement in English and Spanish in | ||
| boldfaced 18-point type at the top of the first page of the notice: | ||
| "NOTICE: A residence homestead exemption from ad valorem taxation | ||
| is NOT currently being allowed on the property listed below. | ||
| However, our records show that this property may qualify for a | ||
| residence homestead exemption, which will reduce your taxes."; | ||
| (2) following the statement described by Subdivision | ||
| (1), the following statement in English and Spanish in 12-point | ||
| type: "According to the records of the appraisal district, the | ||
| property described in this notice may be your primary residence and | ||
| may qualify for a residence homestead exemption from ad valorem | ||
| taxation. If the property is your home and you occupy it as your | ||
| primary residence, the property likely qualifies for one or more | ||
| residence homestead exemptions, including an exemption from | ||
| taxation by a school district of $(insert the amount of the | ||
| exemption provided by Section 11.13(b)) of the appraised value of | ||
| the property, which will reduce the amount of taxes imposed on the | ||
| property. The form needed to apply for a residence homestead | ||
| exemption is enclosed. Although the form may state that the | ||
| deadline for filing an application for a residence homestead | ||
| exemption is April 30, a late application for a residence homestead | ||
| exemption will be accepted if filed before February 1, (insert year | ||
| application must be filed). There is no fee or charge for filing an | ||
| application or a late application for a residence homestead | ||
| exemption. If you have questions or would like more information, | ||
| please call (insert appraisal district telephone number) or e-mail | ||
| (insert appraisal district e-mail address)."; and | ||
| (3) following the statement described by Subdivision | ||
| (2), the address to which the notice is sent. | ||
| SECTION 2. Chapter 2702, Insurance Code, is amended by | ||
| adding Subchapter D to read as follows: | ||
| SUBCHAPTER D. OTHER CLOSING SERVICES | ||
| Sec. 2702.151. DEFINITION. In this subchapter, "residence | ||
| homestead" has the meaning assigned by Section 11.13, Tax Code. | ||
| Sec. 2702.152. APPLICABILITY. This subchapter does not | ||
| apply to the closing or settlement of a real property transaction if | ||
| the closing or settlement is not actually handled by: | ||
| (1) a title insurance company, a title insurance | ||
| agent, or an attorney for a title insurance company or title | ||
| insurance agent; or | ||
| (2) a representative of a title insurance company, a | ||
| title insurance agent, or an attorney for a title insurance company | ||
| or title insurance agent. | ||
| Sec. 2702.153. NOTICE OF ELIGIBILITY FOR RESIDENCE | ||
| HOMESTEAD EXEMPTION. In connection with the closing and settlement | ||
| of a real property transaction relating to residential real | ||
| property in this state, a title insurance company or title | ||
| insurance agent shall provide to the buyer: | ||
| (1) a notice in English and Spanish that contains the | ||
| following statement: "If you occupy this property as your primary | ||
| residence, the property will likely qualify for one or more | ||
| residence homestead exemptions from ad valorem taxation, including | ||
| an exemption from taxation by a school district of $(insert the | ||
| amount of the exemption provided by Section 11.13(b), Tax Code) of | ||
| the appraised value of the property, which will reduce the amount of | ||
| taxes imposed on the property. The form needed to apply for a | ||
| residence homestead exemption is enclosed. Although the form may | ||
| state that the deadline for filing an application for a residence | ||
| homestead exemption is April 30, a late application for a residence | ||
| homestead exemption will be accepted if filed before February 1, | ||
| (insert year application must be filed). There is no fee or charge | ||
| for filing an application or a late application for a residence | ||
| homestead exemption. If you have questions or would like more | ||
| information, please call (insert appraisal district telephone | ||
| number) or e-mail (insert appraisal district e-mail address)."; and | ||
| (2) an application form for an exemption under Section | ||
| 11.13, Tax Code. | ||
| SECTION 3. The change in law made by this Act to Section | ||
| 25.192, Tax Code, applies only to a tax year that begins on or after | ||
| the effective date of this Act. | ||
| SECTION 4. This Act takes effect on the 91st day after the | ||
| last day of the legislative session. | ||
