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

HB 4082 limits annual increases in the appraised value of residential homestead property for property tax purposes in Texas. It directly affects homeowners who own their primary residence, capping annual valuation increases at 10% of the prior year's appraised value plus that value, or the most recent determined market value - whichever is lower. The bill amends Section 23.23 of the Texas Tax Code to establish this cap and adds new provisions clarifying how appraised values are calculated for new homeowners. It applies to homestead properties and aims to stabilize property tax bills for residential owners. The bill is currently pending in the Property Tax Appraisals committee.