Limits the maximum appraised value of certain commercial real property for ad valorem tax purposes.

This bill amends the Texas Tax Code to limit the maximum appraised value of certain commercial real property for ad valorem tax purposes. It specifies that the limitation applies to commercial real property with a market value of $10 million or less. The limitation expires if the owner ceases to own the property or if the property no longer meets the definition of commercial real property. The bill also outlines the procedures for property owners to protest their property's appraised value and includes notices to property owners about changes in appraised value and exemptions.

Limits the maximum appraised value of certain commercial real property for ad valorem tax purposes.

This bill amends the Texas Tax Code to limit the maximum appraised value of certain commercial real property for ad valorem tax purposes. It specifies that the limitation applies to commercial real property with a market value of $10 million or less. The limitation expires if the owner ceases to own the property or if the property no longer meets the definition of commercial real property. The bill also outlines the procedures for property owners to protest their property's appraised value and includes notices to property owners about changes in appraised value and exemptions.