Texas HB1622 aims to make permanent the limitation on increases in the appraised value of certain real property for ad valorem tax purposes.

Texas HB1622 amends the Tax Code to make permanent the limitation on increases in the appraised value of certain real property for ad valorem tax purposes. The bill repeals certain provisions that currently limit the annual increase in appraised value to 20 percent for non-residential properties. This change will take effect starting with the 2027 tax year unless a constitutional amendment is approved by voters. If the amendment is not approved, the bill will have no effect. The bill applies to property appraisals for ad valorem tax purposes beginning on or after its effective date.

Texas HB1622 aims to make permanent the limitation on increases in the appraised value of certain real property for ad valorem tax purposes.

Texas HB1622 amends the Tax Code to make permanent the limitation on increases in the appraised value of certain real property for ad valorem tax purposes. The bill repeals certain provisions that currently limit the annual increase in appraised value to 20 percent for non-residential properties. This change will take effect starting with the 2027 tax year unless a constitutional amendment is approved by voters. If the amendment is not approved, the bill will have no effect. The bill applies to property appraisals for ad valorem tax purposes beginning on or after its effective date.