Greg Abbott: “Under Texas law, your appraisal can go up 10% a year, year…”

“… that when she opened it, she would not be able to afford to stay in her home. It has to stop. And there's a way to stop it right now. Under Texas law, your appraisal can go up 10% a year, year after year after year. And that will price you out of your home. We must end it. And the way we do it is to reduce that 10% a year increase to no more than just 3% a year.” (33:33–33:41)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.