| 1 | 1 | | 87R6377 TJB-D |
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| 2 | 2 | | By: Hughes S.B. No. 1034 |
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| 3 | 3 | | |
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| 4 | 4 | | |
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| 5 | 5 | | A BILL TO BE ENTITLED |
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| 6 | 6 | | AN ACT |
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| 7 | 7 | | relating to the inclusion in a notice of appraised value of a |
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| 8 | 8 | | property owner's residence homestead delivered to the owner by the |
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| 9 | 9 | | chief appraiser of an appraisal district of information regarding |
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| 10 | 10 | | the sales prices of other single-family homes in the same |
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| 11 | 11 | | neighborhood. |
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| 12 | 12 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 13 | 13 | | SECTION 1. Section 25.19, Tax Code, is amended by adding |
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| 14 | 14 | | Subsection (m) to read as follows: |
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| 15 | 15 | | (m) A notice required by Subsection (a) or (g) applicable to |
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| 16 | 16 | | a residence homestead must include a separate document dedicated to |
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| 17 | 17 | | providing sales price information for each single-family home |
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| 18 | 18 | | recently sold in the same neighborhood as the residence homestead. |
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| 19 | 19 | | The document must have a caption that reads "RECENT SALES PRICES FOR |
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| 20 | 20 | | HOMES IN YOUR NEIGHBORHOOD" followed by the following statement: |
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| 21 | 21 | | "The average sales price per square foot of single-family homes |
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| 22 | 22 | | that have been sold in your neighborhood during the last three years |
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| 23 | 23 | | for which the appraisal district has information is (insert the |
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| 24 | 24 | | average dollar amount per square foot). The market value per square |
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| 25 | 25 | | foot for your home is (insert the dollar amount per square foot). |
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| 26 | 26 | | You may be able to use this information to protest the appraised |
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| 27 | 27 | | value of your home with the appraisal district. If you wish to |
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| 28 | 28 | | protest the appraised value of your home, please submit the |
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| 29 | 29 | | enclosed notice of protest form to the appraisal district or call |
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| 30 | 30 | | the district at (insert appraisal district telephone number)." |
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| 31 | 31 | | Following the preceding statement, the document must list the sales |
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| 32 | 32 | | price and price per square foot of each single-family home that the |
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| 33 | 33 | | appraisal district has information for that was sold in the |
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| 34 | 34 | | neighborhood in the three years preceding the date the notice is |
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| 35 | 35 | | delivered. The document must also include the market value and |
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| 36 | 36 | | price per square foot based on that value for the residence |
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| 37 | 37 | | homestead subject to the notice. The document is not required to |
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| 38 | 38 | | include the addresses of homes listed in the document. |
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| 39 | 39 | | SECTION 2. The change in law made by this Act applies only |
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| 40 | 40 | | to a notice of appraised value for a tax year that begins on or after |
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| 41 | 41 | | the effective date of this Act. |
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| 42 | 42 | | SECTION 3. This Act takes effect January 1, 2022. |
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