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

HB 1430 limits annual increases in the appraised value of commercial real property under $10 million market value for property tax purposes. It specifically targets new improvements (like major renovations) that raise property value, excluding routine repairs or maintenance. Appraisers must cap value increases to the lesser of two calculated amounts, stabilizing tax burdens for affected properties. This bill directly impacts small commercial property owners, including landlords and businesses, by preventing sharp tax hikes tied to new developments.