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TX HB4043
Bill
Status
3/7/2025
Primary Sponsor
Nate Schatzline
Click for details
AI Summary
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Changes property reappraisal requirements from "at least once every three years" to exactly "once every three years," effectively limiting how frequently appraisal districts can reappraise real and personal property for ad valorem tax purposes
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Creates an exception allowing appraisal offices to reappraise property in the year immediately following a change in ownership, regardless of the three-year limitation
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Requires appraisal offices to amend their existing periodic reappraisal plans to comply with the new law by December 31, 2025
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Takes effect immediately if passed by a two-thirds vote of both legislative chambers; otherwise takes effect September 1, 2025
Legislative Description
Relating to a limitation on the frequency with which an appraisal district may reappraise property for ad valorem tax purposes.
Taxation
Last Action
Referred to s/c on Property Tax Appraisals by Speaker
3/27/2025