Texas HB490 amends tax code provisions to limit increases in the appraised value of real property for ad valorem tax purposes.

Texas HB490 amends the Tax Code to limit increases in the appraised value of real property for ad valorem tax purposes. It modifies the limitation on appraised value for real property, including residence homesteads, and specifies conditions under which the limitation applies. The bill also repeals certain sections of the Tax Code and takes effect January 1, 2026, contingent on voter approval of a constitutional amendment.

Texas HB490 amends tax code provisions to limit increases in the appraised value of real property for ad valorem tax purposes.

Texas HB490 amends the Tax Code to limit increases in the appraised value of real property for ad valorem tax purposes. It modifies the limitation on appraised value for real property, including residence homesteads, and specifies conditions under which the limitation applies. The bill also repeals certain sections of the Tax Code and takes effect January 1, 2026, contingent on voter approval of a constitutional amendment.