Texas SB322 limits annual increases in appraised value for ad valorem tax purposes.

Texas SB322 amends the Tax Code to limit the annual increase in appraised value for ad valorem tax purposes of certain real property. Specifically, it sets a cap of 10 percent on annual increases for non-homestead properties, effective from 2026 to 2031. The bill also mandates notices to property owners about these limitations. The provisions depend on the approval of a constitutional amendment by voters, which, if passed, would extend the limit and postpone its expiration. If the amendment is not approved, the bill's provisions will not take effect.

Texas SB322 limits annual increases in appraised value for ad valorem tax purposes.

Texas SB322 amends the Tax Code to limit the annual increase in appraised value for ad valorem tax purposes of certain real property. Specifically, it sets a cap of 10 percent on annual increases for non-homestead properties, effective from 2026 to 2031. The bill also mandates notices to property owners about these limitations. The provisions depend on the approval of a constitutional amendment by voters, which, if passed, would extend the limit and postpone its expiration. If the amendment is not approved, the bill's provisions will not take effect.