Many thanks for the info; I was referring to the Texas law about the effect on the next year of a successful lowering of a property appraisal value one year.
Where is this ‘property values reset every two years’ done; is it done in certain areas of Texas?
Sorry, I used to live in Texas long ago, now in Colorado. Here properties are assessed every 2 years, using the prior two years of sales data. It sounds like Texas assesses every year? That doubles the cost of doing assessments.
Colorado has a 5.25% income tax, Texas has none but does tax me on capital gains from Texas land sales even though I don’t live there. My Colorado accountant was surprised about that.