Bill Text: TX HB4209 | 2017-2018 | 85th Legislature | Introduced


Bill Title: Relating to the Comptroller's Property Value Study.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2017-03-10 - Filed [HB4209 Detail]

Download: Texas-2017-HB4209-Introduced.html
 
 
  By: Cyrier H.B. No. 4209
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the Comptroller's Property Value Study.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Chapter 403 of the Government Code is amended by
  adding section 403.302(c-2) to read as follows:
         This subsection applies only to a school district with an
  enrollment of less than 2000 students located in a county
  contiguous to those counties with a population of more than
  1,000,000. 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 calculated by multiplying the state value for the
  school district determined by the comptroller under Subsections (a)
  and (b) by 1.05, 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 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 relating to
  the Comptroller's Property Value Study apply beginning with the tax
  year 2016 Property Value Study.
         SECTION 3.  The changes in law made to Section 403.302(c-2),
  as amended by this Act, take effect immediately if this Act receives
  a vote of two-thirds of all members elected to each house as
  provided by Section 39, Article III, Texas Constitution. If this
  Act does not receive the vote necessary for that section to have
  immediate effect, that section takes effect on the 91st day after
  the last day of the legislative session
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