Bill > HB157

This bill modifies the Texas Tax Code to reduce the maximum annual increase in the appraised value of a residential homestead from 10 percent to 5 percent. Currently, appraisal offices can increase a home's appraised value by up to 10 percent each year, but this bill would limit that increase to 5 percent, regardless of the property's market value. The change would apply to tax years beginning on or after the effective date, which is January 1, 2027, but only if a related constitutional amendment is approved by voters in 2025. The amendment would give the legislature the authority to set this lower limit on home appraisal value increases. The bill aims to provide homeowners with more protection against rapidly rising property taxes by slowing the rate at which a home's taxable value can increase each year. Ad valorem taxation refers to property taxes that are calculated based on the assessed value of the property.

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=891&Bill=HB157