Texas House Bill HB1766

Texas 2025 - 89th Regular

• Filed: 1/8/25

Caption

Relating to a requirement that an appraisal district rely on an appraisal of real property prepared by an appraiser and submitted to the district by the property owner when determining the value of the property.

Impact

The implications of HB1766 may lead to more favorable tax assessments for property owners who can afford the appraisal process. By formally recognizing property owner-submitted appraisals, the legislation seeks to create a more equitable approach where property assessments align more closely with the market value as determined by independent appraisers. Such a shift could potentially alter the dynamics of how property taxes are assessed across the state, impacting both individual property owners and local government revenue streams reliant on property tax income.

Summary

House Bill 1766 aims to amend the Texas Tax Code by mandating that appraisal districts rely on property appraisals submitted by property owners when determining the value of real property. This requirement signifies a shift in the appraisal process, granting property owners greater authority in influencing their property's assessed value for tax purposes. The bill stipulates that if a property owner provides a valid appraisal within certain deadlines and performed by a certified appraiser, then the appraisal district must accept this value for the current tax year.

Contention

However, the bill has raised concerns among some stakeholders. Critics argue that while empowering property owners could enhance fairness, it might also lead to complications and possible abuses, where inflated appraisals could skew the overall tax base. The bill's implementation depends on clear regulatory standards to prevent unethical practices, ensuring that all appraisals submitted uphold the integrity and standards set forth by the Uniform Standards of Professional Appraisal Practice.

Texas Constitutional Statutes Affected

Tax Code

• Chapter 23. Appraisal Methods And Procedures
  • Section: New Section