Relating to the continuation of a limitation on increases in the appraised value of a residence homestead for ad valorem tax purposes if the property is acquired by and qualifies as the homestead of an heir of the owner or the owner's spouse or surviving spouse.

SB 3012 extends a property tax limitation for homesteads in Texas. It keeps the current tax appraisal cap in place when a home is inherited by an heir, the owner's spouse, or surviving spouse, rather than expiring when the original owner or spouse no longer qualifies for the exemption. The bill changes the expiration trigger to when none of three specific people - the original owner, their spouse, or the first heir who inherited the property - qualify for the homestead exemption. This change applies to tax years starting January 1, 2026, but only if a related constitutional amendment passes in the 2025 election. The bill directly affects homeowners who inherit family residences and qualify for homestead tax exemptions.