Do you know how the appraisal district's appraisals work?
They use the sale of the last three like properties in your neighborhood. IOW, they use market prices to determine what the value of your home is.
The local taxing entities (county, school district, etc.) determine the taxes based on the value submitted by the appraisal district.
See post 27. Everyone I have talked to about thsi taxing plan like it.
That is the way they should work, but often don't. In 2004 the Ft. Bend Country appraisal board circulated a memo stating that referred to the taxing entities as there primary concerns. And called for the max effort to keep taxes up. That is one of the main reasons I like the California plan. There is no need for an appraisal board, you just have a clerk record the price.