Proposing a constitutional amendment to allow the Texas legislature to set a cap on the appraised value of certain commercial real property for tax.

This bill proposes a constitutional amendment to authorize the Texas legislature to limit the maximum appraised value of certain commercial real property for ad valorem tax purposes. The amendment would allow the legislature to set a cap on the appraised value for properties with a market value not exceeding a prescribed amount, at 110 percent or more of the appraised value of the property for the preceding tax year.

Proposing a constitutional amendment to allow the Texas legislature to set a cap on the appraised value of certain commercial real property for tax.

This bill proposes a constitutional amendment to authorize the Texas legislature to limit the maximum appraised value of certain commercial real property for ad valorem tax purposes. The amendment would allow the legislature to set a cap on the appraised value for properties with a market value not exceeding a prescribed amount, at 110 percent or more of the appraised value of the property for the preceding tax year.