They're going up at least 10% a year because by law they are allowed to go up 10% a year. We got to change that. And We need to reduce that annual increase of 10% a year in your appraisal to no more than 3% a year. If all we did was those elements alone, that would dramatically rein in your property taxes. However, when we add this last element, this last element alone will cut your property taxes in half. (22:55–23:02)
CLAIM
Proposes capping annual property appraisal increases at 3%.
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