TX HB3130

Creates a 10% annual cap on appraised value increases for single-family residential properties leased to tenants who are 65 years or older and use the property as their primary residence

Requires the rent charged to the elderly tenant not exceed the HUD fair market rent for that zip code to qualify for the appraisal limitation

Property owners must apply annually by May 1 to receive the limitation, with late applications accepted up to one year after the tax delinquency date for that year

Replacement structures built after casualty or disaster damage are not counted as "new improvements" for appraisal purposes, unless they exceed the original square footage or have higher quality exterior construction

Takes effect January 1, 2026, contingent on voter approval of a related constitutional amendment proposed by the 89th Legislature