Relating to the determination of the appraised value of a residence homestead for ad valorem tax purposes.

HB 3823 proposes changes to how Texas property taxes are calculated for primary residences (homesteads). It would limit annual increases in a home's taxable value to 15% of the previous year's appraised value, plus the cost of new improvements like additions or replacements after damage. The bill defines "new improvements" to exclude routine repairs or maintenance, and clarifies that replacing a damaged home with an identical structure doesn't count as a new improvement. This bill directly affects homeowners with homesteads by potentially reducing annual tax increases, though it remains a proposed measure with no votes recorded yet.