Property Taxes in Texas

[Vierra Wong]

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!