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SB1492Introduced in the Senate

PROP TX-SUBDIVISION VALUE

IntroducedSenate Assignments

Introduced by Meg Loughran Cappel, District 49

What does this bill do?

Plain-English breakdown

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Official description

Amends the Property Tax Code. In provisions concerning platted and subdivided but undeveloped property, provides that (i) beginning with the 2025 taxable year, no property's assessed value shall be reduced to less than $150 under those provisions and (ii) beginning with the 2035 taxable year, no property shall be eligible for calculation of its assessed value under those provisions for more than a 10-year period.

Where it stands

Rule 3-9(a) / Re-referred to Assignments

May 22, 2026

How did lawmakers vote?

No recorded vote is available for this bill yet.

Bill history

  1. Filed with Secretary by Sen. Meg Loughran Cappel

  2. First Reading

  3. Referred to Assignments

  4. Assigned to Revenue

  5. Rule 2-10 Committee Deadline Established As April 11, 2025

  6. Rule 2-10 Committee Deadline Established As May 9, 2025

  7. Rule 2-10 Committee/3rd Reading Deadline Established As May 23, 2025

  8. Rule 2-10 Committee/3rd Reading Deadline Established As June 1, 2025

  9. Rule 3-9(a) / Re-referred to Assignments

  10. Re-assigned to Revenue

  11. Rule 2-10 Committee Deadline Established As April 24, 2026

  12. Rule 2-10 Committee/3rd Reading Deadline Established As May 15, 2026

  13. Rule 2-10 Committee/3rd Reading Deadline Established As May 22, 2026

  14. Rule 3-9(a) / Re-referred to Assignments

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