PROP TX-FLOOD HAZARD

Session: 103rd General Assembly
Year: 2024
Bill #: HB4437
Category: Revenue
Position: No position
Mandate?
Revenue Loss? Yes
Authority Preemption?

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Amends the Property Tax Code. Creates a homestead exemption, subject to certain limitations, for property that is located within a special flood hazard area as identified by the Federal Emergency Management Agency. Provides that the amount of the exemption shall be a reduction in the property's equalized assessed value of $5,000. Effective immediately.



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