By: Otto H.B. No. 3756
A BILL TO BE ENTITLED
AN ACT
relating to the methods and procedures used to determine school
district property values.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subchapter M, Chapter 403, Government Code, is
amended as follows:
Sec. 403.302(a). DETERMINATION OF SCHOOL DISTRICT PROPERTY
VALUES. The comptroller shall conduct a study using comparable
sales, apraisals, automated valuation models, and generally
accepted auditing and sampling techniques to determine the total
taxable value of all property in each school district. The study
shall determine the taxable value of all property and of each
category of property in the district and the productivity val
ue of
all land that qualifies for appraisal on the basis of its productive
capacity and for which the owner has applied for and received a
productivity appraisal. The comptroller shall make appropriate
adjustments in the study to account for actions taken under Chapter
41, Education Code. The comptroller shall make available to the
appraisal districts the comparable sales and appraisals used in
developing the automated valuation models and the study.
Notwithstanding Section 552.149, this information shall be made
available at the time the study is released to the appraisal
districts.