Rep. Keith Bell, R-Forney, filed House Bill 868 to lower the maximum appraisal increase rate of homestead exempted properties from 10% to 3.5%.

While local taxing authorities must hold an election to increase property tax revenues above 3.5%, the appraised value of a homestead exempted property can be increased by up to 10% each year. This policy has resulted in many appraisals being increased by the maximum rate year after year. House Bill 868 would lower that maximum rate to 3.5%, ensuring that all taxing authorities have the same restrictions on tax growth.

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