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A BILL TO BE ENTITLED
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AN ACT
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relating to the school district property value study conducted by |
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the comptroller of public accounts. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 403.3011(2), Government Code, is amended |
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to read as follows: |
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(2) "Eligible school district" means a school district |
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for which the comptroller has determined the following: |
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(A) in the most recent study, the local value is |
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invalid under Section 403.302(c) and does not exceed the state |
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value for the school district determined in the study; |
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(B) in the two studies preceding the most recent |
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study, the school district's local value was valid under Section |
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403.302(c); |
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(C) in the most recent study, the aggregate local |
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value of all of the categories of property sampled by the |
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comptroller is not less than 85 [90] percent of the lower limit of |
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the margin of error as determined by the comptroller of the |
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aggregate value as determined by the comptroller of all of the |
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categories of property sampled by the comptroller; and |
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(D) the appraisal district that appraises |
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property for the school district was in compliance with the scoring |
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requirement of the comptroller's most recent review of the |
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appraisal district conducted under Section 5.102, Tax Code. |
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SECTION 2. Section 403.302(c), Government Code, is amended |
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to read as follows: |
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(c) If after conducting the study the comptroller |
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determines that the local value for a school district is valid, the |
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local value is presumed to represent taxable value for the school |
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district. In the absence of that presumption, taxable value for a |
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school district is the state value for the school district |
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determined by the comptroller under Subsections (a) and (b) unless |
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the local value exceeds the state value, in which case the taxable |
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value for the school district is the district's local value. In |
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determining whether the local value for a school district is valid, |
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the comptroller shall use a margin of error that does not exceed 7.5 |
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[five] percent unless the comptroller determines that the size of |
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the sample of properties necessary to make the determination makes |
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the use of such a margin of error not feasible, in which case the |
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comptroller may use a larger margin of error. |
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SECTION 3. The change in law made by this Act applies only |
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to the annual study conducted under Section 403.302, Government |
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Code, for a tax year that begins on or after January 1, 2022. The |
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annual study for a tax year that begins before that date is covered |
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by the law in effect immediately before the effective date of this |
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Act, and the prior law is continued in effect for that purpose. |
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SECTION 4. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2021. |