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

HB 375 aims to limit annual increases in the appraised value of real property for property tax calculations. The bill would directly affect property owners whose assessed values are subject to annual reassessment under current tax rules. However, without access to the full bill text or specific provisions, the exact mechanisms (such as caps or calculation methods) cannot be described. The bill was recently referred to the Property Tax Appraisals committee, but no concrete policy details are available in the provided context.