| 1 | 1 | | 88R4613 TJB-D |
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| 2 | 2 | | By: Schatzline H.B. No. 1324 |
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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 study of school district property values conducted |
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| 8 | 8 | | by the comptroller of public accounts. |
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| 9 | 9 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 10 | 10 | | SECTION 1. Section 403.302, Government Code, is amended by |
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| 11 | 11 | | amending Subsections (b) and (c) and adding Subsection (b-1) to |
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| 12 | 12 | | read as follows: |
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| 13 | 13 | | (b) In conducting the study, the comptroller shall |
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| 14 | 14 | | determine the taxable value of property in each school district: |
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| 15 | 15 | | (1) using, if appropriate, samples selected through |
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| 16 | 16 | | generally accepted sampling techniques; |
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| 17 | 17 | | (2) according to generally accepted standard |
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| 18 | 18 | | valuation, statistical compilation, and analysis techniques; and |
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| 19 | 19 | | (3) [ensuring that different levels of appraisal on |
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| 20 | 20 | | sold and unsold property do not adversely affect the accuracy of the |
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| 21 | 21 | | study; and |
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| 22 | 22 | | [(4)] ensuring that different levels of appraisal |
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| 23 | 23 | | resulting from protests determined under Section 41.43, Tax Code, |
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| 24 | 24 | | are appropriately adjusted in the study. |
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| 25 | 25 | | (b-1) In conducting a study to determine the values for a |
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| 26 | 26 | | tax year, the comptroller may consider a sale of property only if |
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| 27 | 27 | | the sale occurred during the preceding tax year. |
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| 28 | 28 | | (c) If after conducting the study the comptroller |
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| 29 | 29 | | determines that the local value for a school district is valid, the |
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| 30 | 30 | | local value is presumed to represent taxable value for the school |
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| 31 | 31 | | district. In the absence of that presumption, taxable value for a |
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| 32 | 32 | | school district is the state value for the school district |
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| 33 | 33 | | determined by the comptroller under Subsections (a) and (b) unless |
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| 34 | 34 | | the local value exceeds the state value, in which case the taxable |
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| 35 | 35 | | value for the school district is the district's local value. In |
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| 36 | 36 | | determining whether the local value for a school district is valid, |
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| 37 | 37 | | the comptroller shall use a margin of error that has a range, the |
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| 38 | 38 | | upper limit of which is 105 percent of the state value and the lower |
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| 39 | 39 | | limit of which is 90 percent of the state value, [does not exceed |
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| 40 | 40 | | five percent] unless the comptroller determines that the size of |
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| 41 | 41 | | the sample of properties necessary to make the determination makes |
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| 42 | 42 | | the use of such a margin of error not feasible, in which case the |
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| 43 | 43 | | comptroller may use a larger margin of error. |
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| 44 | 44 | | SECTION 2. The changes in law made by this Act apply only to |
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| 45 | 45 | | the annual study conducted under Section 403.302, Government Code, |
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| 46 | 46 | | for a tax year that begins on or after January 1, 2024. The annual |
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| 47 | 47 | | study for a tax year that begins before that date is covered by the |
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| 48 | 48 | | law in effect immediately before the effective date of this Act, and |
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| 49 | 49 | | the prior law is continued in effect for that purpose. |
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| 50 | 50 | | SECTION 3. This Act takes effect immediately if it receives |
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| 51 | 51 | | a vote of two-thirds of all the members elected to each house, as |
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| 52 | 52 | | provided by Section 39, Article III, Texas Constitution. If this |
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| 53 | 53 | | Act does not receive the vote necessary for immediate effect, this |
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| 54 | 54 | | Act takes effect September 1, 2023. |
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