AUSTIN, Texas – Texas Comptroller Don Huffines has announced an expected continuous increase in property values over the next few years, as indicated by preliminary figures released on Wednesday.
According to the data, the statewide taxable property value is projected to rise to $4.33 trillion by 2026, marking a 5.07% increase from 2025. This growth in taxable value is anticipated to persist, with a 2.53% rise forecasted for 2027 and a 5.66% increase expected in 2028.
Despite these positive projections, the Comptroller’s office pointed out that the growth rates remain lower than those recorded in previous years, which typically saw annual increases ranging from 6% to 10%.
These preliminary estimates are significant as they influence the state’s budget planning for the upcoming years. Huffines remarked that recent policy adjustments have affected the rates property owners are encountering, urging lawmakers to continue exploring avenues for relief. Key policy changes highlighted by his office include:
- A voter-approved increase in the school district homestead exemption to $140,000.
- A temporary 20% cap on appraisals for certain non-homestead properties.
- Revisions to exemptions for income-producing tangible personal property.
“Given the slower rate of value growth, along with a persistently restrictive interest rate environment, I urge the Legislature to sustain efforts to provide significant property tax relief for Texans,” Huffines stated. He emphasized the importance of building on the existing relief measures, such as the increased homestead exemption and rate compression, to prevent property owners from facing escalating tax burdens during a time of heightened housing affordability challenges. Many Texans feel their properties are overvalued by appraisal districts, leading to increased tax bills.
This information is derived from a release by the Texas Comptroller’s Office.
