Relating to a limitation on the frequency with which an appraisal district may reappraise property for ad valorem tax purposes.

HB 4043 amends Texas property tax law to allow appraisal districts to reappraise property immediately following a change in ownership, in addition to the existing requirement of reappraising all property at least once every three years. The bill directly affects property owners who transfer ownership (e.g., through sale or inheritance) and appraisal districts responsible for tax assessments. Key provisions include adding an exception to the standard three-year reappraisal cycle for ownership transfers while maintaining the baseline three-year requirement for all other properties. This change aims to ensure property values reflect current ownership circumstances without waiting for the next scheduled reappraisal cycle.