Texas has a limit of I believe a 10% increase in tax assessment per year, so this prevents the worst outcomes but only slows down the rest. If you think of prop

Texas has a limit of I believe a 10% increase in tax assessment per year, so this prevents the worst outcomes but only slows down the rest. If you think of property tax as crudely analogous to rent (from a budget perspective), most families would not be able to endure 10% rising rent every year for an extended period. Yet this future sure seems to be baked into the market here in Austin right now.