TX HB4082

Extends the existing 10% annual appraisal cap for residence homesteads to all real property in Texas, limiting how much appraised values can increase each year while the same owner holds the property

Ties the annual appraisal increase limit to the inflation rate as determined by the comptroller, rather than a fixed 10% cap, using an index that measures changes in consumer purchasing power

Sets the initial appraised value for new owners at the property's market value, or at the purchase price if the owner was a bona fide purchaser for value (with application required by April 30)

For property owned before 2026, the 2025 appraised value becomes the baseline, with owners treated as having acquired the property on January 1, 2025

Repeals the existing "circuit breaker" limitation (Section 23.231) and takes effect January 1, 2026, contingent on voter approval of an accompanying constitutional amendment