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

This bill amends the Texas Tax Code to limit increases in the appraised value of real property for ad valorem tax purposes. It modifies the definition of "appraisal ratio" and specifies that the ratio is not calculated according to the appraised value limited by certain sections. The bill also repeals certain sections and amends others to adjust the process for determining the taxable value of property. It includes provisions for property owner protests and notice requirements.

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

This bill amends the Texas Tax Code to limit increases in the appraised value of real property for ad valorem tax purposes. It modifies the definition of "appraisal ratio" and specifies that the ratio is not calculated according to the appraised value limited by certain sections. The bill also repeals certain sections and amends others to adjust the process for determining the taxable value of property. It includes provisions for property owner protests and notice requirements.