Under Texas Tax Code §23.23, the homestead appraisal cap limits annual increases in appraised value. What is the maximum percentage increase allowed per year?
Correct Answer
D) 10% plus the value of new improvements
Under §23.23, the appraised value of a homestead for tax purposes cannot increase by more than 10% per year, plus the value of any new improvements added since the last appraisal.
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A surviving spouse of a 100% disabled veteran in Texas continues to occupy the homestead after the veteran's death. Under Texas Tax Code, what happens to the 100% disability property tax exemption?
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