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 | |
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| 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 | ||
