HB 642

Principle Criteria
neutral
Free Enterprise
neutral
Property Rights
neutral
Personal Responsibility
neutral
Limited Government
neutral
Individual Liberty
Digest
HB 642 establishes a limitation on ad valorem taxes imposed by school districts on certain residence homesteads following substantial tax increases. If a homeowner has resided in a home for at least 15 years and school taxes increase by 120% or more during that period (excluding improvements), taxes cannot exceed the amount levied in the 15th year. Surviving spouses may also qualify to maintain the cap under certain conditions. The measure provides financial relief to long-term homeowners impacted by sharp school tax hikes​.
Author (1)
Diego Bernal
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