Relating to a limitation on increases in the appraised value of real property for ad valorem tax purposes.

HB 1898 limits annual increases in the appraised value of Texas homestead properties (primary residences) for property tax purposes. It caps annual increases at 10% of the prior year's appraised value, plus the full value of any new improvements made to the property. This directly affects Texas homeowners with homestead properties, preventing sudden large tax hikes due to market fluctuations. The bill requires appraisers to track both the market value and the capped value for these properties. The limitation applies annually until the property is sold or ownership changes.