Order
2025R: HB1715
TO LIMIT THE INCREASE IN THE ASSESSED VALUE OF REAL PROPERTY AFTER A SALE OR OTHER TRANSFER OF REAL PROPERTY.
Latest action: Died in House Committee at Sine Die adjournment.
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| Sponsor | Role |
|---|---|
| Lundstrum | lead |
| J. Bryant | primary |
| When | Chamber | Action |
|---|---|---|
| Mar 10, 2025, 1:17 p.m. CT | House | Filed |
| Mar 10, 2025, 5:46 p.m. CT | House | Read the first time, rules suspended, read the second time and referred to the Committee on REVENUE & TAXATION- HOUSE |
| May 5, 2025, 10:39 a.m. CT | House | Died in House Committee at Sine Die adjournment. |
Meetings
| When | Meeting | Video |
|---|---|---|
| Mar 20, 2025, 10:00 a.m. CT | House Revenue and Taxation Committee · Committee Room 151 | Video Add to Google Calendar Add to Apple Calendar |
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Fiscal impact
DFA1 · Mar 18, 2025
Fiscal Impact Statement
Bill: HB1715
Bill Subtitle: TO LIMIT THE INCREASE IN THE ASSESSED VALUE OF REAL PROPERTY AFTER
A SALE OR OTHER TRANSFER OF REAL PROPERTY.
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Sponsors:
Rep. Lundstrum and Sen. Bryant
Basic Change:
HB1715 places a limit on the amount the assessed value of real property may increase following a sale
or transfer. Under HB1715, for the first assessment following the sale or transfer, the assessed value
of real property may not increase more than:
• 5% above the taxable value of the real property if the real property is a homestead and is used as
the taxpayer's principal place of residence; or
• 10% above the taxable value of the real property if the real property is not a homestead used as
the taxpayer's principal place of residence.
"Taxable value" is defined as the value on which the seller of the real property is assessed property tax
as of the date of the sale or other transfer of the real property.
HB1715 is effective for assessment years beginning on or after January 1, 2026.
Fiscal Impact:
Local property tax collections could
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Last checked Nov 12, 2026, 4:50 p.m. CT.
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