Texas RE Taxes after change of owners

[Harris L.]

Hi guys,

Just doing my research.. still looking via Google but I want throw my question out here..

If I buy a property in texas is the re tax recalculated after change of ownership based on

1) up to 30% increase from prior years - if it's $1k in prior years it'll be maxed out at $1.3k (heard about this for the first time)

2) or based on current value whatever the percent is for the county... 2.7% or 2.8% of new property value. (this is what I've seen based on my county tax records searches of properties sold last year.) so this could be 50% increase if the property was held by the prior owner for a long time.

thanks!