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

Texas HB1898 limits increases in the appraised value of real property for ad valorem tax purposes. It amends the Tax Code to set a cap on the appraised value of real property, affecting how taxes are calculated. The bill specifies that the appraised value cannot exceed the market value of the property from the previous tax year, adjusted for new improvements. It also details the process for property owners to protest appraised values and outlines the notice requirements for property owners. The bill takes effect January 1, 2026, contingent on voter approval of a constitutional amendment.

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

Texas HB1898 limits increases in the appraised value of real property for ad valorem tax purposes. It amends the Tax Code to set a cap on the appraised value of real property, affecting how taxes are calculated. The bill specifies that the appraised value cannot exceed the market value of the property from the previous tax year, adjusted for new improvements. It also details the process for property owners to protest appraised values and outlines the notice requirements for property owners. The bill takes effect January 1, 2026, contingent on voter approval of a constitutional amendment.