Relating to the imposition of a penalty for failure to timely file a rendition statement or property report with the chief appraiser of an appraisal district.

SB 1951 imposes a 10% penalty on property owners who fail to submit required property reports or rendition statements to their appraisal district's chief appraiser by the deadline. The penalty is calculated as 10% of the annual property taxes owed and is added as a separate line item to the property owner's tax bill. Taxing units must include this penalty in their tax collections, and it becomes part of the property's tax lien. The law applies to property tax years beginning January 1, 2026, and amends Texas Tax Code sections 22.28(a) and (b).