TX HB202

Makes permanent the 20% annual cap on appraised value increases for non-homestead real property for ad valorem tax purposes, removing the original December 31, 2026 expiration date

Removes language from tax notices that informed property owners about the temporary nature of the "circuit breaker" limitation and its scheduled expiration

Repeals multiple sections of S.B. 2 from the 88th Legislature (2nd Called Session, 2023) that were set to take effect January 1, 2027 and would have ended the appraisal cap

Takes effect January 1, 2026, but only if voters approve a related constitutional amendment proposed by the 89th Legislature authorizing the permanent appraisal limit

Applies to property appraisals for tax years beginning on or after the effective date of the act