H.B. No. 247 introduces a new exemption from ad valorem taxation for the appraised value of real property in counties bordering the United Mexican States, specifically related to the installation or construction of border security infrastructure. The bill defines "border security infrastructure" to include various improvements designed to surveil or impede movement across the Texas-Mexico border. Property owners can qualify for this exemption if they have a "qualified border security infrastructure agreement" with the state or federal government or if the improvements are made on land subject to a recorded easement for such purposes.

Additionally, the bill amends existing tax code provisions to ensure that the price paid by the state or federal government for real property or easements used for border security infrastructure is not considered when appraising other real property. The changes will take effect on January 1, 2026, contingent upon the approval of a related constitutional amendment by voters. The bill aims to facilitate the development of border security measures while providing tax relief to property owners involved in such projects.

Statutes affected:
Introduced: Tax Code 11.43 (Tax Code 11)
House Committee Report: Tax Code 11.43, Tax Code 23.013 (Tax Code 11, Tax Code 23)
Engrossed: Tax Code 11.43, Tax Code 23.013 (Tax Code 11, Tax Code 23)
Senate Committee Report: Tax Code 11.43, Tax Code 23.013 (Tax Code 11, Tax Code 23)
Enrolled: Tax Code 11.43, Tax Code 23.013 (Tax Code 11, Tax Code 23)