House Bill No. 3581 amends the Texas Tax Code to extend the redemption period for elderly individuals (65 years or older) who have lost their residence homestead due to an ad valorem tax sale. The bill introduces a new provision allowing these individuals to redeem their property on or before the fourth anniversary of the date the purchaser's deed is filed, rather than the standard two-year period applicable to other property owners. This extension applies specifically to properties that were the owner's residence homestead at the time of the tax sale. Additionally, the bill modifies existing redemption provisions to clarify the redemption amounts and conditions under which property can be redeemed.

The bill also includes amendments to existing sections of the Tax Code, specifically regarding the redemption process and the requirements for obtaining an abatement of a pending sale to foreclose a tax lien. It stipulates that if a property is sold in violation of the new provisions, the owner may file a motion to set aside the sale during the applicable redemption period. The changes will take effect on January 1, 2026, contingent upon the approval of a related constitutional amendment by voters in the 2025 election. If the amendment is not approved, the bill will have no effect.

Statutes affected:
Introduced: Tax Code 34.21 (Tax Code 34)