Over 65 senior tax ceilings, also known as a tax freeze, are recalculated on an annual basis due to the passage of Proposition 1 in May 2022 and Proposition 4 in November 2023. The specifics of how a tax ceiling is recalculated can be found in Section 11.26 of the Property Tax Code.  TCAD is unable to provide a specific breakdown of these calculations for your property. However, we do provide our estimates of your ceiling amount on our website and at TravisTaxes.com. The official calculation of property's tax ceiling and property tax bill is done by the Travis County Tax Office.