Relating to the provision of funding under the public school finance system on the basis of property values that take into account optional homestead exemptions.

HB 1153 modifies how Texas school districts calculate property values for public school funding. It changes the definition of "taxable value" in the Government Code to subtract specific homeowner property tax exemptions (like those for primary residences) before determining school funding allocations. This directly affects public school districts across Texas, as their state funding depends on these adjusted property value calculations. The bill updates the formula to include certain homestead exemptions that were previously excluded from the calculation.