Texas HB375 amends tax code provisions to limit increases in appraised value of real property for ad valorem tax purposes.

HB375 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 taxable value, adjusts the appraisal ratio, and repeals certain sections related to tax increment financing. The bill also specifies conditions under which property owners can protest appraised values and outlines the process for such protests. Effective January 1, 2026, it applies to appraisals for tax years beginning on or after the bill's effective date.

Texas HB375 amends tax code provisions to limit increases in appraised value of real property for ad valorem tax purposes.

HB375 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 taxable value, adjusts the appraisal ratio, and repeals certain sections related to tax increment financing. The bill also specifies conditions under which property owners can protest appraised values and outlines the process for such protests. Effective January 1, 2026, it applies to appraisals for tax years beginning on or after the bill's effective date.