The City of Irving is reviewing issues that may come up ahead of the 88th Texas Legislative Session, which begins in January 2023. Committees in the Texas House and Senate have begun hearings on issues to study in the interim before the next session starts.
Few of the hearings to date have any relation to city issues. One upcoming hearing is of interest to the city. On May 17, the Senate Finance Committee meets to address tax issues, including further efforts to reduce school property taxes and possible changes or additions to property tax exemptions. As property appraisals continue to increase, many cities are reviewing ways to provide further reductions in taxable value, such as increasing the homestead exemption for residential properties. This letter from Mayor Rick Stopfer will be submitted to the committee at the hearing.
Currently, homestead exemptions are limited by the state constitution to 20 percent of assessed value. Changing the exemption to allow a higher percentage, or to allow the exemption to be expressed as a dollar amount, would require a constitutional amendment. A constitutional amendment requires approval of two-thirds of each house of the state legislature. No gubernatorial approval is necessary.
Other hearings of note, though not necessarily ones that affect the city, include:
Adoption of Irving’s legislative program will not occur for several months, but discussions with members of the legislature and written or in-person testimony at select hearings will occur as necessary throughout the next few months.
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