| 5 | 3 | | |
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| 6 | 4 | | |
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| 7 | 5 | | A BILL TO BE ENTITLED |
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| 8 | 6 | | AN ACT |
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| 9 | 7 | | relating to the methods and procedures used by the comptroller to |
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| 10 | 8 | | determine the total taxable value of property in each school |
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| 11 | 9 | | district. |
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| 12 | 10 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 13 | 11 | | SECTION 1. Section 403.302(a), Government Code, is amended |
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| 14 | 12 | | to read as follows: |
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| 15 | 13 | | (a) The comptroller shall conduct a study using comparable |
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| 16 | 14 | | sales, appraisals, and generally accepted auditing and sampling |
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| 17 | 15 | | techniques to determine the total taxable value of all property in |
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| 18 | 16 | | each school district. The study shall determine the taxable value |
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| 19 | 17 | | of all property and of each category of property in the district and |
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| 20 | 18 | | the productivity value of all land that qualifies for appraisal on |
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| 21 | 19 | | the basis of its productive capacity and for which the owner has |
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| 22 | 20 | | applied for and received a productivity appraisal. The |
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| 23 | 21 | | comptroller shall make appropriate adjustments in the study to |
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| 24 | 22 | | account for actions taken under Chapter 41, Education Code. The |
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| 25 | 23 | | comptroller shall make available to the appraisal district that |
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| 26 | 24 | | appraises property for the school district the comparable sales and |
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| 27 | 25 | | appraisals used in the study that are not confidential under law. |
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| 28 | 26 | | SECTION 2. This Act takes effect September 1, 2015. |
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