Makes permanent the limitation on increases in the appraised value of certain real property for ad valorem tax purposes.

This bill amends the Tax Code to make permanent the limitation on increases in the appraised value of certain real property for ad valorem tax purposes. Specifically, it ensures that the appraised value of real property other than a residence homestead cannot be increased by more than 20 percent each year, with certain exceptions. This change applies to property appraised for tax years beginning on or after January 1, 2027, contingent on voter approval of a constitutional amendment.

Makes permanent the limitation on increases in the appraised value of certain real property for ad valorem tax purposes.

This bill amends the Tax Code to make permanent the limitation on increases in the appraised value of certain real property for ad valorem tax purposes. Specifically, it ensures that the appraised value of real property other than a residence homestead cannot be increased by more than 20 percent each year, with certain exceptions. This change applies to property appraised for tax years beginning on or after January 1, 2027, contingent on voter approval of a constitutional amendment.