Bill > HB3823

This bill modifies how residential property values are appraised for tax purposes in Texas, primarily focusing on limiting the annual increase in a home's appraised value. The bill increases the maximum annual appraisal value increase from 10% to 15% for a residence homestead, meaning a homeowner's property taxes can only rise by a maximum of 15% per year. Additionally, the bill allows county commissioners to call an election where voters can choose to set an even higher percentage cap on appraised value increases. The legislation also changes reappraisal rules, stipulating that a residence homestead cannot be reappraised more often than once every three years, with some exceptions. Homeowners would now have the right to request a reappraisal of their property during a tax year before the appraisal roll is certified. The bill is contingent on a corresponding constitutional amendment being approved by voters, which would explicitly authorize these changes to property tax appraisal methods. If the constitutional amendment is not approved, this bill will have no effect. The changes are designed to provide more predictability and potentially lower tax burdens for homeowners by restricting rapid increases in property valuations.

Budget and Finance

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HB3823