88R4613 TJB-D
 
  By: Schatzline H.B. No. 1324
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the study of school district property values conducted
  by the comptroller of public accounts.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 403.302, Government Code, is amended by
  amending Subsections (b) and (c) and adding Subsection (b-1) to
  read as follows:
         (b)  In conducting the study, the comptroller shall
  determine the taxable value of property in each school district:
               (1)  using, if appropriate, samples selected through
  generally accepted sampling techniques;
               (2)  according to generally accepted standard
  valuation, statistical compilation, and analysis techniques; and
               (3)  [ensuring that different levels of appraisal on
  sold and unsold property do not adversely affect the accuracy of the
  study; and
               [(4)] ensuring that different levels of appraisal
  resulting from protests determined under Section 41.43, Tax Code,
  are appropriately adjusted in the study.
         (b-1)  In conducting a study to determine the values for a
  tax year, the comptroller may consider a sale of property only if
  the sale occurred during the preceding tax year.
         (c)  If after conducting the study the comptroller
  determines that the local value for a school district is valid, the
  local value is presumed to represent taxable value for the school
  district. In the absence of that presumption, taxable value for a
  school district is the state value for the school district
  determined by the comptroller under Subsections (a) and (b) unless
  the local value exceeds the state value, in which case the taxable
  value for the school district is the district's local value. In
  determining whether the local value for a school district is valid,
  the comptroller shall use a margin of error that has a range, the
  upper limit of which is 105 percent of the state value and the lower
  limit of which is 90 percent of the state value, [does not exceed
  five percent] unless the comptroller determines that the size of
  the sample of properties necessary to make the determination makes
  the use of such a margin of error not feasible, in which case the
  comptroller may use a larger margin of error.
         SECTION 2.  The changes in law made by this Act apply only to
  the annual study conducted under Section 403.302, Government Code,
  for a tax year that begins on or after January 1, 2024. The annual
  study for a tax year that begins before that date is covered by the
  law in effect immediately before the effective date of this Act, and
  the prior law is continued in effect for that purpose.
         SECTION 3.  This Act takes effect immediately if it receives
  a vote of two-thirds of all the members elected to each house, as
  provided by Section 39, Article III, Texas Constitution.  If this
  Act does not receive the vote necessary for immediate effect, this
  Act takes effect September 1, 2023.