Relating to a limitation on increases in the appraised value for ad valorem tax purposes of residential real property leased to an elderly person.

HB 3130 limits annual increases in the property tax value for single-family homes leased to seniors (65+ years old) who use them as primary residences and pay rent at or below HUD's fair market rent for their zip code. The bill caps annual appraised value increases at no more than 10% of the previous year's value or the last appraised market value, whichever is lower. This directly affects elderly renters in qualifying properties by preventing rapid tax bill spikes due to property value changes. The policy applies only to residential leases meeting these specific criteria, excluding other property tax appraisal categories.