What is a Circuit Breaker Limitation?

The Circuit Breaker Limitation is an appraised value cap that applies to non-residential homestead property and goes into effect the second year after you own the property on January 1st.  The appraised value may not exceed the sum of:

• 20 percent of the appraised value for the preceding year, plus
• the appraised value of the property for the preceding year, plus
• the market value of all new improvements for the current year.

**For a more information, visit the Texas Comptrollers site here.**