| 1 | 1 | | By: Cyrier H.B. No. 4209 |
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| 2 | 2 | | |
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| 3 | 3 | | |
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| 4 | 4 | | A BILL TO BE ENTITLED |
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| 5 | 5 | | AN ACT |
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| 6 | 6 | | relating to the Comptroller's Property Value Study. |
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| 7 | 7 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 8 | 8 | | SECTION 1. Chapter 403 of the Government Code is amended by |
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| 9 | 9 | | adding section 403.302(c-2) to read as follows: |
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| 10 | 10 | | This subsection applies only to a school district with an |
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| 11 | 11 | | enrollment of less than 2000 students located in a county |
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| 12 | 12 | | contiguous to those counties with a population of more than |
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| 13 | 13 | | 1,000,000. If after conducting the study the comptroller determines |
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| 14 | 14 | | that the local value for a school district is valid, the local value |
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| 15 | 15 | | is presumed to represent taxable value for the school district. In |
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| 16 | 16 | | the absence of that presumption, taxable value for a school |
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| 17 | 17 | | district is calculated by multiplying the state value for the |
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| 18 | 18 | | school district determined by the comptroller under Subsections (a) |
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| 19 | 19 | | and (b) by 1.05, unless the local value exceeds the state value, in |
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| 20 | 20 | | which case the taxable value for the school district is the |
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| 21 | 21 | | district's local value. In determining whether the local value for |
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| 22 | 22 | | a school district is valid, the comptroller shall use a margin of |
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| 23 | 23 | | error that does not exceed five percent unless the comptroller |
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| 24 | 24 | | determines that the size of the sample of properties necessary to |
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| 25 | 25 | | make the determination makes the use of such a margin of error not |
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| 26 | 26 | | feasible, in which case the comptroller may use a larger margin of |
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| 27 | 27 | | error. |
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| 28 | 28 | | SECTION 2. The changes in law made by this Act relating to |
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| 29 | 29 | | the Comptroller's Property Value Study apply beginning with the tax |
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| 30 | 30 | | year 2016 Property Value Study. |
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| 31 | 31 | | SECTION 3. The changes in law made to Section 403.302(c-2), |
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| 32 | 32 | | as amended by this Act, take effect immediately if this Act receives |
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| 33 | 33 | | a vote of two-thirds of all members elected to each house as |
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| 34 | 34 | | provided by Section 39, Article III, Texas Constitution. If this |
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| 35 | 35 | | Act does not receive the vote necessary for that section to have |
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| 36 | 36 | | immediate effect, that section takes effect on the 91st day after |
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| 37 | 37 | | the last day of the legislative session |
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