TX HB4194

Requires the Texas Comptroller to annually determine the inflation rate based on the consumer price index and publish it in the Texas Register by July 1 each year

Mandates that taxing units adjust their no-new-revenue tax rate up or down to reflect the annual inflation rate when calculating property tax rates

Defines "consumer price index" as the calendar year average of the index the comptroller determines most accurately reflects changes in purchasing power for Texas consumers

Establishes that the inflation-adjusted no-new-revenue tax rate becomes the official rate for the taxing unit for that tax year, overriding other calculation methods

Takes effect January 1, 2026, and applies to no-new-revenue tax rate calculations beginning with the 2026 tax year