Relating to an exemption from ad valorem taxation of the total appraised value of the residence homesteads of certain elderly individuals and their surviving spouses.

HB 183 would create a property tax exemption for the full appraised value of primary residences owned by Texas homeowners aged 65 or older who have held this exemption for at least 10 consecutive years. Surviving spouses aged 55 or older who maintained the home as their primary residence after their spouse’s death (if the deceased spouse qualified for the exemption) would also qualify. The exemption applies to the entire tax year starting when eligibility begins. This bill requires voter approval of a constitutional amendment (H.J.R. 133) in 2025 to take effect.