Effective January 1, 2008, the Texas Property Tax Code, Section 23.23, states that the residential homestead is limited to a 10% increase. Limitations take effect one year after you receive your Homestead Exemption. Limitations do not apply to new improvements added in that year (i.e., additions, pools, garages). Limitations are removed when a property is sold. Limitations will be shown on the statement as "Limited Value". All granted exemptions are subtracted from the Capped Value instead of the Market Value. Capped Value minus applicable exemptions equals Taxable Value. The Capped Value is not a lifetime limitation. Please contact the appraisal district if you have additional questions regarding a homestead cap. You can find a list of local Appraisal District offices and their contact information HERE.
Questions regarding a homestead cap
Downtown Administration
Records Building –
500 Elm Street, Suite 3300, Dallas, TX 75202
Telephone: (214) 653-7811 • Fax: (214) 653-7888
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