Texas House Bill HB1940

Texas 2025 - 89th Regular

• Filed: 1/17/25

Caption

Relating to the clarification of the authority of an appraisal office to approve and implement a plan providing for the reappraisal of property in the appraisal district less frequently than annually.

Impact

The implementation of HB 1940 is expected to relieve some pressure on appraisal offices, enabling them to manage workloads better while potentially lowering costs associated with annual property reappraisal. By allowing longer intervals between property assessments, appraisal offices may also have more flexibility in addressing other critical issues, particularly in high-demand areas where property values fluctuate rapidly. However, this could mean that property owners may not see their tax bills reflect current market values in a timely manner, leading to potential inequities in property taxation.

Summary

House Bill 1940 aims to clarify the authority of appraisal offices in Texas with respect to property reappraisal practices. Specifically, the bill seeks to amend the Tax Code to allow appraisal offices to approve plans for reappraising properties in their districts less frequently than annually. This legislative change is significant as it addresses how often properties can be revalued for tax purposes, which has implications for property owners and local governments alike.

Contention

The introduction of this bill may provoke discussions regarding the balance between efficient property management and equitable tax assessment practices. Some stakeholders might argue that less frequent appraisals could lead to outdated assessments and unfair taxation for property owners, especially in rapidly developing areas. Conversely, proponents may emphasize the need to reduce the strain on appraisal offices which often face resource constraints, arguing that a less frequent assessment schedule could ultimately enhance overall operational efficiency.

Texas Constitutional Statutes Affected

Tax Code

• Chapter 23. Appraisal Methods And Procedures
  • Section: 01