| 1 | 1 | | 81R10860 JD-D |
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| 2 | 2 | | By: Hilderbran H.B. No. 3840 |
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| 3 | 3 | | |
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| 4 | 4 | | |
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| 5 | 5 | | A BILL TO BE ENTITLED |
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| 6 | 6 | | AN ACT |
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| 7 | 7 | | relating to limiting the frequency of reappraisals of real property |
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| 8 | 8 | | for ad valorem tax purposes. |
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| 9 | 9 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 10 | 10 | | SECTION 1. Section 25.18, Tax Code, is amended by adding |
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| 11 | 11 | | Subsections (b-1) and (b-2) to read as follows: |
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| 12 | 12 | | (b-1) The plan may not provide for reappraisal of a parcel |
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| 13 | 13 | | of real property more often than once in any three-year period. |
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| 14 | 14 | | Except as provided by Subsection (b-2), the appraisal office may |
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| 15 | 15 | | not reappraise a parcel of real property in the district more often |
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| 16 | 16 | | than once in any three-year period. |
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| 17 | 17 | | (b-2) Notwithstanding Subsection (b-1), the appraisal |
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| 18 | 18 | | office may reappraise a parcel of real property in the year |
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| 19 | 19 | | immediately following a year in which the parcel is sold. |
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| 20 | 20 | | SECTION 2. As soon as practicable after the effective date |
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| 21 | 21 | | of this Act but not later than December 31, 2009, each appraisal |
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| 22 | 22 | | office that has implemented a plan for periodic reappraisals of |
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| 23 | 23 | | real property in the district shall amend that plan if necessary to |
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| 24 | 24 | | conform to the change in law made by this Act. For purposes of |
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| 25 | 25 | | complying with Section 25.18(b-1), Tax Code, as added by this Act, |
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| 26 | 26 | | the plan must provide that real property is not reappraised more |
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| 27 | 27 | | often than once in the three-year period that includes the 2009, |
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| 28 | 28 | | 2010, and 2011 tax years. |
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| 29 | 29 | | SECTION 3. This Act takes effect immediately if it receives |
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| 30 | 30 | | a vote of two-thirds of all the members elected to each house, as |
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| 31 | 31 | | provided by Section 39, Article III, Texas Constitution. If this |
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| 32 | 32 | | Act does not receive the vote necessary for immediate effect, this |
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| 33 | 33 | | Act takes effect September 1, 2009. |
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