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

SB 322 limits annual increases in the appraised value of non-homestead real property (such as commercial, rental, or investment properties) for Texas property tax purposes to 20% per year, instead of the previous 10% cap. This directly affects property owners of non-primary residences, excluding homesteads, mineral interests, and properties under special appraisal rules. The bill requires tax offices to notify owners about this 20% annual increase limit and includes an expiration date of December 31, 2031. The provision applies to tax years beginning January 1, 2026, pending voter approval of a related constitutional amendment.