That said, people who live in their own homes still face skyrocketing property taxes for a couple of different reasons. One is because appraisals go up by as much as 10% a year. My plan restructures that for your appraisal to go up no more than 3% a year. And as opposed to having your home reappraised every year and going through that process, your homes would be reappraised only once every five years, and then the most meaningful … (02:16–02:23)
CLAIM
Proposes a plan to limit property appraisal increases to 3% annually.
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