HB55 — Relating to an exemption from ad valorem taxation by a school district of a dollar amount or a percentage, whichever is greater, of the appraised value of a residence homestead and a reduction of the limitation on the total amount of ad valorem taxes that may be imposed by a school district on the homestead of an elderly or disabled person to reflect any increase in the exemption amount.

HB55 — Relating to an exemption from ad valorem taxation by a school district of a dollar amount or a percentage, whichever is greater, of the appraised value of a residence homestead and a reduction of the limitation on the total amount of ad valorem taxes that may be imposed by a school district on the homestead of an elderly or disabled person to reflect any increase in the exemption amount. · Informed CitizenryHB 55 amends the Tax Code to provide a residence homestead exemption from school district ad valorem taxation of $25,000 or 13 percent of the appraised value, whichever is greater. It also adjusts…Open in Informed Citizenry