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Provides $3.8 billion in school tax relief Increases the homestead exemption from $15,000 to...

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84 th Legislative Session Deborah Hunt Williamson County Tax Assessor/Collector CASE June 13, 2015
Transcript

84th Legislative Session

Deborah Hunt

Williamson CountyTax Assessor/Collector

CASEJune 13, 2015

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

Questions and Answers

Contact Information:

Deborah Hunt512-943-1954

[email protected]


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