Bill Text: TX SB1064 | 2023-2024 | 88th Legislature | Introduced
Bill Title: Relating to the school district property value study conducted by the comptroller of public accounts.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2023-04-19 - Left pending in committee [SB1064 Detail]
Download: Texas-2023-SB1064-Introduced.html
By: Middleton | S.B. No. 1064 | |
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relating to the school district property value study conducted by | ||
the comptroller of public accounts. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 403.3011(2), Government Code, is amended | ||
to read as follows: | ||
(2) "Eligible school district" means a school district | ||
for which the comptroller has determined the following: | ||
(A) in the most recent study, the local value is | ||
invalid under Section 403.302(c) and does not exceed the state | ||
value for the school district determined in the study; | ||
(B) in the two studies preceding the most recent | ||
study, the school district's local value was valid under Section | ||
403.302(c); | ||
(C) in the most recent study, the aggregate local | ||
value of all of the categories of property sampled by the | ||
comptroller is not less than 80 [ |
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the margin of error as determined by the comptroller of the | ||
aggregate value as determined by the comptroller of all of the | ||
categories of property sampled by the comptroller; and | ||
(D) the appraisal district that appraises | ||
property for the school district was in compliance with the scoring | ||
requirement of the comptroller's most recent review of the | ||
appraisal district conducted under Section 5.102, Tax Code. | ||
SECTION 2. Sections 403.302(c)and (d), Government Code, is | ||
amended to read as follows: | ||
(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 does not exceed 10 | ||
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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. | ||
(d) For the purposes of this section, "taxable value" means | ||
the market value of all taxable property less: | ||
(1) the total dollar amount of any residence homestead | ||
exemptions lawfully granted under Section 11.13(b) or (c), Tax | ||
Code, in the year that is the subject of the study for each school | ||
district; | ||
(2) one-half of the total dollar amount of any | ||
residence homestead exemptions granted under Section 11.13(n), Tax | ||
Code, in the year that is the subject of the study for each school | ||
district; | ||
(3) the total dollar amount of any exemptions granted | ||
before May 31, 1993, within a reinvestment zone under agreements | ||
authorized by Chapter 312, Tax Code; | ||
(4) subject to Subsection (e), the total dollar amount | ||
of any captured appraised value of property that: | ||
(A) is within a reinvestment zone created on or | ||
before May 31, 1999, or is proposed to be included within the | ||
boundaries of a reinvestment zone as the boundaries of the zone and | ||
the proposed portion of tax increment paid into the tax increment | ||
fund by a school district are described in a written notification | ||
provided by the municipality or the board of directors of the zone | ||
to the governing bodies of the other taxing units in the manner | ||
provided by former Section 311.003(e), Tax Code, before May 31, | ||
1999, and within the boundaries of the zone as those boundaries | ||
existed on September 1, 1999, including subsequent improvements to | ||
the property regardless of when made; | ||
(B) generates taxes paid into a tax increment | ||
fund created under Chapter 311, Tax Code, under a reinvestment zone | ||
financing plan approved under Section 311.011(d), Tax Code, on or | ||
before September 1, 1999; and | ||
(C) is eligible for tax increment financing under | ||
Chapter 311, Tax Code; | ||
(5) the total dollar amount of any captured appraised | ||
value of property that: | ||
(A) is within a reinvestment zone: | ||
(i) created on or before December 31, 2008, | ||
by a municipality with a population of less than 18,000; and | ||
(ii) the project plan for which includes | ||
the alteration, remodeling, repair, or reconstruction of a | ||
structure that is included on the National Register of Historic | ||
Places and requires that a portion of the tax increment of the zone | ||
be used for the improvement or construction of related facilities | ||
or for affordable housing; | ||
(B) generates school district taxes that are paid | ||
into a tax increment fund created under Chapter 311, Tax Code; and | ||
(C) is eligible for tax increment financing under | ||
Chapter 311, Tax Code; | ||
(6) the total dollar amount of any exemptions granted | ||
under Section 11.251 or 11.253, Tax Code; | ||
(7) the difference between the comptroller's estimate | ||
of the market value and the productivity value of land that | ||
qualifies for appraisal on the basis of its productive capacity, | ||
except that the productivity value estimated by the comptroller may | ||
not exceed the fair market value of the land; | ||
(8) the portion of the appraised value of residence | ||
homesteads of individuals who receive a tax limitation under | ||
Section 11.26, Tax Code, on which school district taxes are not | ||
imposed in the year that is the subject of the study, calculated as | ||
if the residence homesteads were appraised at the full value | ||
required by law; | ||
(9) a portion of the market value of property not | ||
otherwise fully taxable by the district at market value because of | ||
action required by statute, including Section 23.01(e), Tax Code, | ||
or the constitution of this state, other than Section 11.311, Tax | ||
Code, that, if the tax rate adopted by the district is applied to | ||
it, produces an amount equal to the difference between the tax that | ||
the district would have imposed on the property if the property were | ||
fully taxable at market value and the tax that the district is | ||
actually authorized to impose on the property, if this subsection | ||
does not otherwise require that portion to be deducted; | ||
(10) the market value of all tangible personal | ||
property, other than manufactured homes, owned by a family or | ||
individual and not held or used for the production of income; | ||
(11) the appraised value of property the collection of | ||
delinquent taxes on which is deferred under Section 33.06, Tax | ||
Code; | ||
(12) the portion of the appraised value of property | ||
the collection of delinquent taxes on which is deferred under | ||
Section 33.065, Tax Code; | ||
(13) the amount by which the market value of a | ||
residence homestead to which Section 23.23, Tax Code, applies | ||
exceeds the appraised value of that property as calculated under | ||
that section; and | ||
(14) the total dollar amount of any exemptions granted | ||
under Section 11.35, Tax Code | ||
SECTION 3. The change in law made by this Act applies 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 4. 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. |