Limits reappraisal frequency to once every three years for ad valorem tax purposes in Texas.

This bill amends the Texas Tax Code to limit the frequency of property reappraisals for ad valorem tax purposes to once every three years. It mandates appraisal offices to adjust their periodic reappraisal plans accordingly. An exception allows for reappraisal in the year following a change in property ownership. The changes will take effect immediately if approved by a two-thirds vote in the legislature, otherwise, they will take effect on September 1, 2025.

Limits reappraisal frequency to once every three years for ad valorem tax purposes in Texas.

This bill amends the Texas Tax Code to limit the frequency of property reappraisals for ad valorem tax purposes to once every three years. It mandates appraisal offices to adjust their periodic reappraisal plans accordingly. An exception allows for reappraisal in the year following a change in property ownership. The changes will take effect immediately if approved by a two-thirds vote in the legislature, otherwise, they will take effect on September 1, 2025.