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TX HB4191
Bill
Status
3/10/2025
Primary Sponsor
Hillary Hickland
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AI Summary
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Reduces the annual homestead appraisal cap from 10% to 3% for residence homesteads when market value has increased from the prior year
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Allows appraisal offices to decrease appraised values when market value drops, with the reduction proportionate to the percentage decline in market value
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Changes terminology from "increase" to "adjust" to reflect that appraised values can now move both up and down based on market conditions
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Continues to allow the market value of new improvements to be added to the appraised value regardless of whether overall market value increased or decreased
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Takes effect September 1, 2025
Legislative Description
Relating to adjustments in the appraised value of a residence homestead.
Property Interests
Last Action
Referred to s/c on Property Tax Appraisals by Speaker
3/31/2025