Texas Comptroller Don Huffines has released updated estimates of statewide taxable property values for tax years 2026 through 2028, figures that will be used in planning for the 2028-29 biennium.
Statewide taxable property value for the 2025 tax year is estimated at $4.12 trillion, marking the first time in more than a decade that year-over-year taxable values have remained essentially unchanged. The estimate incorporates certified values from the majority of Texas school districts.
Using preliminary 2026 appraisal district data, economic and market trends and historical valuation patterns, the Comptroller’s Office estimates statewide taxable property value will increase to $4.33 trillion in 2026, up 5.07% from 2025.
The estimates reflect several property tax changes, including the voter-approved increase in the school district homestead exemption to $140,000, a temporary 20% appraisal cap on certain nonhomestead properties and changes to exemptions for income-producing tangible personal property.
“Given this slower rate of value growth, combined with a continued restrictive interest rate environment, I encourage the Legislature to continue providing meaningful property tax relief to Texas property owners, building on the relief already delivered through the increased homestead exemption and rate compression, so that Texans are not asked to absorb rising tax burdens during a period when affordability pressures on housing remain elevated. Many Texans believe their property is overvalued by appraisal districts, which causes their tax bills to rise,” Huffines said.
Growth in taxable property values is projected at 2.53% in 2027 and 5.66% in 2028. According to the Comptroller’s Office, those increases would remain below those seen in recent years, when annual growth frequently ranged from 6% to 10%.
The Texas Comptroller of Public Accounts serves as the state’s chief financial officer and is responsible for collecting state taxes, estimating state revenue and managing several statewide programs.