Relating to the ad valorem tax appraisal of an older residence homestead located in or near a tax increment financing reinvestment zone.

HB 90 modifies how property taxes are assessed for older homes in specific areas. It allows chief appraisers to exclude the value of newer or substantially remodeled homes in the same neighborhood when determining the tax value of a residence homestead over 30 years old located in or near a tax increment financing (TIF) zone. This applies only to properties in TIF zones or within two miles of them, aiming to ensure older homes aren’t unfairly valued higher due to nearby renovations. The law takes effect January 1, 2026, but only if voters approve a related constitutional amendment.