Limits increases in appraised value of real property for ad valorem tax purposes in Texas.

This bill limits the increase in appraised value of real property for ad valorem tax purposes in Texas. It applies to tax years beginning on or after January 1, 2027, contingent on a constitutional amendment. The amendment would allow the legislature to set a cap on the maximum appraised value of real property for tax purposes at 105 percent or more of the appraised value. The bill also outlines specific conditions and exceptions for different types of properties, including those with deferred tax collection, new improvements, and those within reinvestment zones.

Limits increases in appraised value of real property for ad valorem tax purposes in Texas.

This bill limits the increase in appraised value of real property for ad valorem tax purposes in Texas. It applies to tax years beginning on or after January 1, 2027, contingent on a constitutional amendment. The amendment would allow the legislature to set a cap on the maximum appraised value of real property for tax purposes at 105 percent or more of the appraised value. The bill also outlines specific conditions and exceptions for different types of properties, including those with deferred tax collection, new improvements, and those within reinvestment zones.