Limits increases in appraised value for ad valorem tax purposes for certain Texas properties.

This bill amends the Texas Tax Code to limit the annual increase in appraised value for ad valorem tax purposes for certain properties. Specifically, it restricts the appraised value increase for non-residence homestead properties to eight percent annually, with exceptions. The bill also includes provisions for new improvements and market value assessments. The changes apply to property appraisals starting from the 2027 tax year, contingent on voter approval of a constitutional amendment.

Limits increases in appraised value for ad valorem tax purposes for certain Texas properties.

This bill amends the Texas Tax Code to limit the annual increase in appraised value for ad valorem tax purposes for certain properties. Specifically, it restricts the appraised value increase for non-residence homestead properties to eight percent annually, with exceptions. The bill also includes provisions for new improvements and market value assessments. The changes apply to property appraisals starting from the 2027 tax year, contingent on voter approval of a constitutional amendment.