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

HB 202 makes permanent a 20% annual limit on increases to the appraised value of non-homestead real property (such as commercial or investment properties) for property tax purposes. This replaces a temporary cap that would expire after 2026, directly affecting property owners with such non-primary-residence properties by preventing significant annual tax hikes. The bill repeals temporary provisions set to expire in 2027 and updates tax code language to reflect the permanent limit. It will take effect only if a 2025 constitutional amendment authorizing this permanent cap is approved by Texas voters.