Bill Caption

Relating to the date a deferral or abatement of the collection of ad valorem taxes on the residence homestead of an elderly or disabled person or disabled veteran expires.

Fiscal Notes

Passage of the bill would extend the time before a taxing unit can file a suit to collect delinquent taxes on the property or conduct a sale to foreclose a lien to the 181st day after the collector delivers a notice of delinquency following the date the individual who is 65 or older, disabled, or a partially disabled veteran no longer owns and occupies the property as a residence homestead. As a result, taxable property values could be reduced and the related costs to the Foundation School Fund could be increased through the operation of the school finance formulas.

Bill Analysis

HB 3629 would extend the deferral or abatement on the collection of property tax on qualified property owned by an elderly person, disabled person, or disabled veteran until the 181st day after the collector delivers notice of the tax delinquency rather than 181 days from the date the owner no longer owns and occupies the property. In effect, this would provide additional time for family members to either pay the taxes or sell the property.

Vote Recommendation Notes

The provisions of HB 3629 would give families of qualified property owners with a deferral or abatement on their property taxes a more reasonable amount of time to pay the taxes or sell the property. This benefits our limited government and property rights principles. Texas Action supports HB 3629.