84R18918 LEH-F
By: Otto H.B. No. 3756
Substitute the following for H.B. No. 3756:
By: Parker C.S.H.B. No. 3756
A BILL TO BE ENTITLED
AN ACT
relating to the methods and procedures used by the comptroller to
determine the total taxable value of property in each school
district.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 403.302(a), Government Code, is amended
to read as follows:
(a) The comptroller shall conduct a study using comparable
sales, appraisals, 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 value 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 district that
appraises property for the school district the comparable sales and
appraisals used in the study that are not confidential under law.
SECTION 2. This Act takes effect September 1, 2015.