Texas Projects Growth in Statewide Property Values
State officials estimate taxable property values will reach $4.33 trillion by 2026.
Updated on Oct. 15, 2026 in Taxes
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The Texas Comptroller released new estimates forecasting that statewide taxable property values will rise to $4.33 trillion in 2026. This projection follows a 2025 tax year where valuations remained essentially flat at $4.12 trillion.
Why it matters
These valuation estimates serve as a foundation for school district funding and tax planning for the coming years. Understanding these trends helps property owners anticipate changes in their tax liabilities as the state implements new appraisal caps and exemptions.
Statewide taxable property values are projected to increase by 5.07% from 2025 to 2026, with further growth of 2.53% in 2027 and 5.66% in 2028. Additionally, the state has implemented a $140,000 school district homestead exemption and a temporary 20% appraisal cap for eligible nonhomestead properties.
The players
Texas Comptroller
The Texas Comptroller of Public Accounts is the state's chief financial officer who manages tax administration and state fiscal reporting.
The details
The Comptroller based these figures on preliminary 2026 appraisal district data, alongside historical valuation patterns and broader economic trends. These projections are critical for planning during the 2028-29 biennium.
Timeline
2025 tax year saw statewide taxable property values reach $4.12 trillion.
2026 tax year is estimated to see property values reach $4.33 trillion.
2027 tax year includes a projected taxable property value growth of 2.53%.
2028 tax year includes a projected taxable property value growth of 5.66%.
2028-29 biennium represents the period for which these value figures are utilized.
Market Dynamics
These value projections must be viewed in the context of the Texas school district homestead exemption, which has been increased to $140,000 to provide taxpayer relief. This shift reflects a broader effort by state policymakers to balance rising real estate valuations with predictable tax burdens for residents.
Property owners should prepare for potential changes in their annual tax liabilities based on these shifting valuation estimates. Homeowners may benefit from the $140,000 homestead exemption, while owners of nonhomestead properties should monitor how the 20% appraisal cap affects their holdings.
The takeaway
Taxpayers should review their property appraisal notices carefully to ensure they are receiving the benefit of the $140,000 homestead exemption. Monitoring these annual projections allows residents to better forecast their future housing costs in a fluctuating market.
Further reading
For additional information regarding state fiscal policy, visit the Texas Taxes section.
Source note: This article includes information reported by Quitman agrees for county to collect its property taxes - Wood County Monitor.
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