| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | By: White H.B. No. 494 | |
| 2 | 2 | ||
| 3 | 3 | ||
| 4 | 4 | A BILL TO BE ENTITLED | |
| 5 | 5 | AN ACT | |
| 6 | 6 | relating to the appraisal for ad valorem tax purposes of certain | |
| 7 | 7 | property that was erroneously omitted from an appraisal roll in a | |
| 8 | 8 | previous year. | |
| 9 | 9 | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
| 10 | 10 | SECTION 1. Section 25.21, Tax Code, is amended to read as | |
| 11 | 11 | follows: | |
| 12 | 12 | Sec. 25.21. OMITTED PROPERTY. (a) If the chief appraiser | |
| 13 | 13 | discovers that real property was omitted from an appraisal roll in | |
| 14 | 14 | any one of the five preceding tax years or that personal property | |
| 15 | 15 | was omitted from an appraisal roll in one of the two preceding tax | |
| 16 | 16 | years, the chief appraiser may, or shall if otherwise required by | |
| 17 | 17 | law, [he shall] appraise the property as of January 1 of each tax | |
| 18 | 18 | year that it was omitted and enter the property and its appraised | |
| 19 | 19 | value in the appraisal records. | |
| 20 | 20 | (b) If the chief appraiser enters the property in the | |
| 21 | 21 | appraisal records under Subsection (a), the entry must [The entry | |
| 22 | 22 | shall] show that the appraisal is for property that was omitted from | |
| 23 | 23 | an appraisal roll in a prior year and must [shall] indicate the year | |
| 24 | 24 | and the appraised value for each year. | |
| 25 | 25 | SECTION 2. This Act takes effect September 1, 2021. |