Texas Comptroller Don Huffines released updated estimates of statewide taxable property values for tax years 2026 through 2028 on Sept. 30, according to a news release from the Comptroller of Public Accounts.
The agency said the estimates are required under the Texas Education Code and provide key data to support budgeting for the 2028-29 biennium.
According to the release, the final statewide taxable property value for the 2025 tax year is estimated at $4.12 trillion. The agency said that marks 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 school districts, the release said.
For 2026, the Comptroller’s office estimates that statewide taxable property value will rise to $4.33 trillion, an increase of 5.07% from 2025. The agency said the projection relies on preliminary 2026 appraisal district data, economic and market trends, and historical valuation patterns. It reflects recent policy changes, the release said, including the voter-approved increase in the school district homestead exemption to $140,000, a temporary 20% appraisal cap on certain non-homestead properties, and adjustments to exemptions for income-producing tangible personal property.
Looking further ahead, the agency projects taxable value growth of 2.53% in 2027 and 5.66% in 2028. The release said those rates remain below levels seen in recent years, when annual increases frequently ranged from 6% to 10%.
Huffines used the release to renew a call for additional tax relief. “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,” he said. He said that relief should build on what has been delivered through the increased homestead exemption and rate compression, so that Texans are not asked to absorb rising tax burdens while 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.