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

HB 234 makes permanent a 20% annual limit on increases to the appraised value of non-homestead property (such as commercial or rental properties) for property tax purposes. Currently, this limit expires after 2026, but the bill repeals temporary provisions that would allow it to end, ensuring the cap continues indefinitely. It directly affects property owners of non-primary residences by preventing large annual tax increases tied to rising property values. The bill replaces the temporary 2026 expiration with a permanent policy, though it requires voter approval of a related constitutional amendment to take effect.