The Texas Governor signed a law relating to the calculation of limitations on property taxes imposed by school districts on homesteads of elderly or disabled individuals. The law adds a new subsection to provide a special tax limitation calculation in certain cases where an individual newly qualifies for a homestead exemption partway through the year. The law takes effect Jan. 1, 2026. [S.B. 2520, enacted 06/20/25]
This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.
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