A limitation on increases in the appraised value of real property for ad valorem tax purposes

Texas House Bill 375 aims to limit how much the appraised value of real property can increase for property tax purposes. This means that property owners could see smaller increases in their property taxes year over year, as the rate at which their property's appraised value can grow would be capped.

Supporters of Texas HB375 argue that it provides much-needed relief for property owners by controlling the rapid increase in property taxes. By capping appraised value growth, the bill helps families and businesses better manage their budgets and prevents unexpected financial burdens.

Critics of Texas HB375 might claim that the bill could lead to underfunded public services, as property taxes are a significant source of local government revenue. They might argue that limiting appraisal increases could hinder the ability of communities to fund schools, infrastructure, and other essential services.