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