| 1 | 1 | | By: Bohac H.B. No. 4117 |
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| 2 | 2 | | |
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| 3 | 3 | | |
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| 4 | 4 | | A BILL TO BE ENTITLED |
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| 5 | 5 | | AN ACT |
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| 6 | 6 | | relating to the determination of the total taxable value of |
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| 7 | 7 | | property in a school district under the property value study |
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| 8 | 8 | | conducted by the comptroller of public accounts. |
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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. Subsection (b), Section 403.302, Government |
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| 11 | 11 | | Code, is amended to read as follows: |
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| 12 | 12 | | (b) In conducting the study, the comptroller shall |
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| 13 | 13 | | determine the taxable value of property in each school district: |
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| 14 | 14 | | (1) using, if appropriate, samples selected through |
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| 15 | 15 | | generally accepted sampling techniques; |
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| 16 | 16 | | (2) according to generally accepted standard |
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| 17 | 17 | | valuation, statistical compilation, and analysis techniques; |
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| 18 | 18 | | (3) ensuring that different levels of appraisal on |
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| 19 | 19 | | sold and unsold property do not adversely affect the accuracy of the |
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| 20 | 20 | | study; and |
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| 21 | 21 | | (4) ensuring that different levels of appraisal |
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| 22 | 22 | | resulting from protests determined under Section 41.43, Tax Code, |
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| 23 | 23 | | are appropriately adjusted in the study: |
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| 24 | 24 | | (A) by excluding from the samples used in the |
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| 25 | 25 | | study such properties that are determined to significantly vary |
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| 26 | 26 | | such that they adversely affect the accuracy and validity of the |
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| 27 | 27 | | study; or |
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| 28 | 28 | | (B) by using initial value prior to determination |
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| 29 | 29 | | by 41.43, Tax Code, for such properties, in the sample and in the |
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| 30 | 30 | | study. |
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| 31 | 31 | | SECTION 2. The change in law made by this Act applies only |
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| 32 | 32 | | to the annual study conducted by Section 403.302, Government Code, |
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| 33 | 33 | | to determine taxable value for a tax year that begins on or after |
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| 34 | 34 | | January 1, 2009. The annual study to determine taxable value for a |
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| 35 | 35 | | tax year that begins before that date is covered by the law in |
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| 36 | 36 | | effect immediately before the effective date of this Act, and the |
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| 37 | 37 | | prior law is continued in effect for that purpose. |
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| 38 | 38 | | SECTION 3. This Act takes effect immediately if it receives |
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| 39 | 39 | | a vote of two-thirds of all the members elected to each house, as |
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| 40 | 40 | | provided by Section 39, Article III, Texas Constitution. If this |
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| 41 | 41 | | Act does not receive the vote necessary for immediate effect, this |
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| 42 | 42 | | Act takes effect September 1, 2009. |
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