The homestead cap is one of the most valuable protections for Texas homeowners, especially in fast-appreciating markets. However, protesting your appraised (market) value is still important even if you are under the cap. If you do not protest and the market value climbs unchecked, the gap between your capped value and market value grows. When you eventually sell or lose your homestead, that full market value snaps back, and the next owner (or you, in a different scenario) pays taxes on the higher number.
Official resource: https://statutes.capitol.texas.gov/Docs/TX/htm/TX.23.htm
See how your home's assessed value compares to similar properties in your neighborhood.
Get Your Free Analysis