Property Taxes in Texas
Hi,
I'm starting to invest in SFR properties in TX and I'm hoping someone can clarify whether there are any property tax caps from year to year? I heard from various sources that investment properties are re-assessed every 2-3 years so there aren't any property tax advantages to holding a property for a long time since my tax basis will always be at market value. However online I see that the tax increase is limited to 3.5% per year and will be put to a vote if taxes are to surpass that. Is that true for investment property as well? I'm an out-of-state investor and any info would be much appreciated!
Thank you in advance for your help!