Texas is planning to make a huge public investment in space

"Further investment will cement Texas as the preeminent location for innovation."

See full article...

 

[PintOStout]

When there is an actual sale, the value of the property is automatically updated to that sale price. If a property isn't sold for years, then the assessed value of the property will be changed based upon the more recent sale of properties around it.

So yes, it's what the county assessor thinks the value is worth. But each property owner also has the ability to appeal any increase in property value/tax, once every few years.

Anyhow, point being, it's all pretty public information.

Does Texas have the rich collection of property exemptions and adjustments Florida has that are geared towards reducing the tax burden on long term residents/special classes (old people, vets...one of the recent elections tried to add one for first responders)? Also have the Save Our Homes Limitation (basically caps ongoing value assessments to 3% or CPI ...which ever is lower) and there is a Portability Transfer device to port your SOH reduced assessment from old Florida house to new Florida house.

Essentially you only get full assessment and tax burden when you buy your first house in Florida (congrats to all you people who moved to Florida at end of pandemic!). Local governments tend to really dislike it when the state adds these exemptions as it usually forces counties to take the extra heat for raising tax rates in some other fashion.