LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION May 19, 2015 TO: Honorable Jane Nelson, Chair, Senate Committee on Finance FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB3756 by Otto (Relating to the methods and procedures used by the comptroller to determine the total taxable value of property in each school district.), As Engrossed No fiscal implication to the State is anticipated. The bill would amend Section 403.302 of the Government Code, relating to the determination of school district property values, to require that the current Comptroller conducted Property Value Study (PVS) use appraisals, in addition to the currently required comparable sales and generally accepted auditing and sampling techniques. The bill would require the Comptroller to make available to the appraisal district that appraises property for the school district the comparable sales and appraisals used in the PVS that are not confidential under law.In conducting the PVS, the Comptroller currently uses appraisals, comparable sales, automated valuation methods in select areas of the state, and generally accepted auditing and sampling techniques. The bill would not affect taxable property values, tax rates, collection rates, or any other variable which might affect the revenues of units of local governments or the state.The bill would take effect September 1, 2015. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:304 Comptroller of Public Accounts, 701 Central Education Agency LBB Staff: UP, KK, SD, SJS, EP, LCO
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION
May 19, 2015
TO: Honorable Jane Nelson, Chair, Senate Committee on Finance FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB3756 by Otto (Relating to the methods and procedures used by the comptroller to determine the total taxable value of property in each school district.), As Engrossed
TO: Honorable Jane Nelson, Chair, Senate Committee on Finance
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB3756 by Otto (Relating to the methods and procedures used by the comptroller to determine the total taxable value of property in each school district.), As Engrossed
Honorable Jane Nelson, Chair, Senate Committee on Finance
Honorable Jane Nelson, Chair, Senate Committee on Finance
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HB3756 by Otto (Relating to the methods and procedures used by the comptroller to determine the total taxable value of property in each school district.), As Engrossed
HB3756 by Otto (Relating to the methods and procedures used by the comptroller to determine the total taxable value of property in each school district.), As Engrossed
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would amend Section 403.302 of the Government Code, relating to the determination of school district property values, to require that the current Comptroller conducted Property Value Study (PVS) use appraisals, in addition to the currently required comparable sales and generally accepted auditing and sampling techniques. The bill would require the Comptroller to make available to the appraisal district that appraises property for the school district the comparable sales and appraisals used in the PVS that are not confidential under law.In conducting the PVS, the Comptroller currently uses appraisals, comparable sales, automated valuation methods in select areas of the state, and generally accepted auditing and sampling techniques. The bill would not affect taxable property values, tax rates, collection rates, or any other variable which might affect the revenues of units of local governments or the state.The bill would take effect September 1, 2015.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: 304 Comptroller of Public Accounts, 701 Central Education Agency
304 Comptroller of Public Accounts, 701 Central Education Agency
LBB Staff: UP, KK, SD, SJS, EP, LCO
UP, KK, SD, SJS, EP, LCO