85R3348 TJB-D
By: Bernal H.B. No. 182
A BILL TO BE ENTITLED
AN ACT
relating to a study of the economic impact of requiring the
disclosure of the sales price of real property.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. (a) The comptroller shall conduct a study to
examine the impact that requiring disclosure of the sales price of
real property would have on the property tax system, property tax
revenues, the allocation of property tax burdens among taxpayers,
and the cost to the state to fund public education.
(b) The comptroller shall establish an advisory committee
to assist the comptroller in conducting the study. The advisory
committee must be composed of representatives of:
(1) school districts and other taxing units;
(2) appraisal districts;
(3) the profession of real estate agents;
(4) organizations interested in the effect of public
policy on low-income and moderate-income households;
(5) organizations representing property taxpayers;
and
(6) other appropriate interested organizations or
members of the public, as determined by the comptroller.
(c) The comptroller, with the assistance of the advisory
committee, shall study:
(1) the impact on the property tax system, property
tax revenues of school districts and other taxing units, the
allocation of property tax burdens among taxpayers, and the cost to
the state to fund public education:
(A) under the current system in which the
disclosure of the sales price of real property is not required by
law; and
(B) under a system in which the disclosure of the
sales price of real property would be required by law; and
(2) the statutory and administrative changes that
would be necessary to effectively collect, disseminate, and use
sales price information.
(d) In studying the allocation of property tax burdens among
taxpayers, the comptroller and the advisory committee must compare
the tax burden among property owners of each classification of real
property, including a comparison of the burden on owners of:
(1) commercial properties as compared to
single-family residential properties;
(2) industrial properties as compared to
single-family residential properties; and
(3) single-family residential properties for which
the sales price of the property is provided by a private entity,
such as a multiple listing service, to a chief appraiser for use by
the chief appraiser in determining the appraised value of the
property as compared to single-family residential properties for
which the sales price is not provided.
(e) The comptroller and the advisory committee shall
prepare a report that makes findings and recommendations regarding
the issues studied under Subsection (c) of this section.
(f) The comptroller may contract with appraisal districts,
taxing units, or other appropriate entities for assistance and to
obtain information necessary to conduct the study. A state agency,
appraisal district, or taxing unit shall assist the comptroller if
the comptroller requests information or assistance in conducting
the study.
(g) Not later than December 1, 2018, the comptroller shall
submit to the governor, lieutenant governor, and speaker of the
house of representatives the report prepared under Subsection (e)
of this section.
SECTION 2. This Act expires September 1, 2019.
SECTION 3. This Act takes effect immediately if it receives
a vote of two-thirds of all the members elected to each house, as
provided by Section 39, Article III, Texas Constitution. If this
Act does not receive the vote necessary for immediate effect, this
Act takes effect September 1, 2017.