Sec. 11.41. PARTIAL OWNERSHIP OF EXEMPT PROPERTY. (a) If a person who qualifies for an exemption as provided by this chapter is not the sole owner of the property to which the exemption applies, the exemption shall be multiplied by a fraction, the numerator of which is the value of the property interest the person owns and the denominator of which is the value of the property.
(b) In the application of this section, community ownership by a person who qualifies for the exemption and the person's spouse is treated as if the person owns the community interest of the person's spouse.
(c) An heir property owner who qualifies heir property as the owner's residence homestead under this chapter is considered the sole owner of the property for the purposes of this section.
Acts 1979, 66th Leg., p. 2244, ch. 841, Sec. 1, eff. Jan. 1, 1982. Amended by Acts 1997, 75th Leg., ch. 194, Sec. 2, eff. Jan. 1, 1998; Acts 1997, 75th Leg., ch. 1039, Sec. 15, eff. Jan. 1, 1998.
Amended by:
Acts 2019, 86th Leg., R.S., Ch. 663 (S.B. 1943), Sec. 6, eff. September 1, 2019.
Structure Texas Statutes
Subtitle C - Taxable Property and Exemptions
Chapter 11 - Taxable Property and Exemptions
Subchapter C. Administration of Exemptions
Section 11.41. Partial Ownership of Exempt Property
Section 11.42. Exemption Qualification Date
Section 11.421. Qualification of Religious Organization
Section 11.422. Qualifications of a School
Section 11.423. Qualification of Charitable Organization or Youth Association
Section 11.43. Application for Exemption
Section 11.431. Late Application for Homestead Exemption
Section 11.432. Homestead Exemption for Manufactured Home
Section 11.433. Late Application for Religious Organization Exemption
Section 11.434. Late Application for a School Exemption
Section 11.435. Late Application for Charitable Organization Exemption
Section 11.436. Application for Exemption of Certain Property Used for Low-Income Housing
Section 11.437. Exemption for Cotton Stored in Warehouse
Section 11.438. Late Application for Veteran's Organization Exemption
Section 11.439. Late Applications for Disabled Veterans Exemptions
Section 11.4391. Late Application for Freeport Exemption
Section 11.44. Notice of Application Requirements
Section 11.45. Action on Exemption Applications
Section 11.46. Compilation of Partial Exemptions
Section 11.47. Mail Survey of Residence Homesteads
Section 11.48. Confidential Information