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  2025S0074-1 02/05/25     By: Hickland H.B. No. 4191     A BILL TO BE ENTITLED   AN ACT   relating to adjustments in the appraised value of a residence   homestead.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 23.23(a), Tax Code, is amended to read as   follows:          (a)  Notwithstanding the requirements of Section 25.18 and   regardless of whether the appraisal office has appraised the   property and determined the market value of the property for the tax   year, an appraisal office may adjust [ increase ] the appraised value   of a residence homestead for a tax year to an amount not to exceed   the lesser of:                (1)  the market value of the property for the most   recent tax year that the market value was determined by the   appraisal office; [ or ]                (2)   if the market value of the property has increased   from the most recent tax year, the sum of:                      (A)   3 [ 10 ] percent of the appraised value of the   property for the preceding tax year;                      (B)  the appraised value of the property for the   preceding tax year; and                      (C)  the market value of all new improvements to   the property ; or                 (3)     if the market value of the property has decreased   from the most recent tax year, the sum of:                       (A)     the appraised value of the property for the   preceding tax year minus the percentage of the appraised value of   the property proportionate to the percentage of the decreased   market value; and                       (B)     the market value of all new improvements to   the property .          SECTION 2.  This Act takes effect September 1, 2025.