Texas HB3823 amends tax code to limit the maximum appraised value of a residence homestead for ad valorem tax purposes.
Texas HB3823 amends the Tax Code to limit the maximum appraised value of a residence homestead for ad valorem tax purposes. The bill allows an appraisal office to increase the appraised value of a residence homestead for a tax year to an amount not exceeding the lesser of the market value of the property for the most recent tax year or a sum that includes the appraised value of the property for the last year it was appraised for taxation and the market value of all new improvements.
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