| 3 | 6 | | |
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| 4 | 7 | | |
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| 5 | 8 | | A BILL TO BE ENTITLED |
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| 6 | 9 | | AN ACT |
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| 7 | 10 | | relating to the school district property value study conducted by |
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| 8 | 11 | | the comptroller of public accounts. |
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| 9 | 12 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 10 | 13 | | SECTION 1. Section 403.3011(2), Government Code, is amended |
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| 11 | 14 | | to read as follows: |
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| 12 | 15 | | (2) "Eligible school district" means a school district |
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| 13 | 16 | | for which the comptroller has determined the following: |
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| 14 | 17 | | (A) in the most recent study, the local value is |
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| 15 | 18 | | invalid under Section 403.302(c) and does not exceed the state |
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| 16 | 19 | | value for the school district determined in the study; |
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| 17 | 20 | | (B) in the two studies preceding the most recent |
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| 18 | 21 | | study, the school district's local value was valid under Section |
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| 19 | 22 | | 403.302(c); |
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| 20 | 23 | | (C) in the most recent study, the aggregate local |
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| 21 | 24 | | value of all of the categories of property sampled by the |
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| 22 | 25 | | comptroller is not less than 85 [90] percent of the lower limit of |
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| 23 | 26 | | the margin of error as determined by the comptroller of the |
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| 24 | 27 | | aggregate value as determined by the comptroller of all of the |
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| 25 | 28 | | categories of property sampled by the comptroller; and |
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| 26 | 29 | | (D) the appraisal district that appraises |
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| 27 | 30 | | property for the school district was in compliance with the scoring |
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| 28 | 31 | | requirement of the comptroller's most recent review of the |
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| 29 | 32 | | appraisal district conducted under Section 5.102, Tax Code. |
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| 30 | 33 | | SECTION 2. Section 403.302(c), Government Code, is amended |
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| 31 | 34 | | to read as follows: |
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| 32 | 35 | | (c) If after conducting the study the comptroller |
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| 33 | 36 | | determines that the local value for a school district is valid, the |
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| 34 | 37 | | local value is presumed to represent taxable value for the school |
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| 35 | 38 | | district. In the absence of that presumption, taxable value for a |
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| 36 | 39 | | school district is the state value for the school district |
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| 37 | 40 | | determined by the comptroller under Subsections (a) and (b) unless |
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| 38 | 41 | | the local value exceeds the state value, in which case the taxable |
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| 39 | 42 | | value for the school district is the district's local value. In |
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| 40 | 43 | | determining whether the local value for a school district is valid, |
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| 41 | 44 | | the comptroller shall use a margin of error that does not exceed 7.5 |
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| 42 | 45 | | [five] percent unless the comptroller determines that the size of |
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| 43 | 46 | | the sample of properties necessary to make the determination makes |
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| 44 | 47 | | the use of such a margin of error not feasible, in which case the |
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| 45 | 48 | | comptroller may use a larger margin of error. |
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| 46 | 49 | | SECTION 3. The change in law made by this Act applies only |
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| 47 | 50 | | to the annual study conducted under Section 403.302, Government |
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| 48 | 51 | | Code, for a tax year that begins on or after January 1, 2022. The |
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| 49 | 52 | | annual study for a tax year that begins before that date is covered |
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| 50 | 53 | | by the law in effect immediately before the effective date of this |
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| 51 | 54 | | Act, and the prior law is continued in effect for that purpose. |
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| 52 | 55 | | SECTION 4. This Act takes effect immediately if it receives |
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| 53 | 56 | | a vote of two-thirds of all the members elected to each house, as |
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| 54 | 57 | | provided by Section 39, Article III, Texas Constitution. If this |
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| 55 | 58 | | Act does not receive the vote necessary for immediate effect, this |
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| 56 | 59 | | Act takes effect September 1, 2021. |
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