Texas 2023 - 88th Regular

Texas House Bill HB267

Filed

11/14/22

Out of House Committee

Voted on by House

Out of Senate Committee

Voted on by Senate

Governor Action

Bill Becomes Law

Caption

Relating to an interim study of the appraisal of agricultural land for ad valorem tax purposes.

Impact

The formation of this interim committee is intended to respond to drastic changes in property valuations, which some farmers have reported to be as high as 100% to 150%. The committee will assess the role of the comptroller of public accounts and whether current guidelines and training are adequate for the chief appraisers of appraisal districts. The findings and recommendations from this committee, which are required to be reported by December 2024, could lead to new legislation aimed at modifying appraisal techniques, updating valuation formulas, or providing special exemptions to agricultural landowners, depending on the outcomes of the study.

Summary

House Bill 267 aims to address concerns raised by farmers and ranchers in Texas regarding significant increases in property valuations for agricultural land used for ad valorem tax purposes. The bill proposes the creation of a joint interim committee that will conduct a thorough study on the methods and procedures used in appraising agricultural property. This study will focus on evaluating the current appraisal processes, determining if they are consistent and fair, and exploring potential improvements to better serve the farming community. Members of the committee will include those from the House Ways and Means Committee and the Senate Water, Agriculture, and Rural Affairs Committee.

Sentiment

The sentiments surrounding HB 267 appear to be cautiously optimistic among agricultural stakeholders. Many farmers view the bill as a necessary measure to ensure that their property valuations are manageable and reflective of actual market conditions, rather than sudden spikes that can lead to financial distress. However, there may be concerns regarding the effectiveness of the committee and whether it can genuinely address the complexities of property taxes vis-à-vis agricultural land. Some legislators expressed the need to ensure that property owners are well represented in the decision-making processes to mitigate the economic pressures caused by high valuations.

Contention

While the bill has been generally well-received, the main points of contention revolve around how the interim committee will prioritize its studies and the balancing act between fiscal requirements of the state and the needs of agricultural landowners. Some may argue that now is not the right time for such efforts given the state budget pressures, while others see it as critical to ensure the sustainability of Texas agriculture. The success of HB 267 will ultimately depend on the committee's ability to navigate these challenges and produce actionable recommendations that can forge a clearer path for property appraisal processes in Texas.

Latest HB267 Activity

Companion Bills

No companion bills found.

Previously Filed As

TX HB287

Relating to a study by Texas A&M University of the appraisal of agricultural land for ad valorem tax purposes.

TX HB4004

Relating to a study by Texas A&M University of the appraisal of agricultural land for ad valorem tax purposes.

TX HB4099

Relating to an interim study of the appraisal of agricultural land for ad valorem tax purposes.

TX SB289

Relating to the procedure for delivery by a chief appraiser of a form for reapplying for the appraisal of land for ad valorem tax purposes as agricultural or open-space land.

TX HB4576

Relating to a limitation on increases in the appraised value for ad valorem tax purposes of agricultural or open-space land.

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