LEGISLATIVE BUDGET BOARD
                          Austin, Texas

                           FISCAL NOTE
                       74th Regular Session

                          March 27, 1995



 TO:     Honorable Tom Craddick, Chair          IN RE:  House Bill No. 2609
         Committee on Ways & Means                      By: Craddick
         House of Representatives
         Austin, Texas






FROM: John Keel, Director

In response to your request for a Fiscal Note on House Bill No.
2609 (Relating to real property valuations for certain
governmental purposes.) this office has determined the following:

The bill would amend Section 23.01 (b), Tax Code, by expanding
the statutory definition of individual characteristics that
affect the property's market value to include the property's
location, visibility, highest and best use, and access to the
property.

The bill would also amend Section 21.041, Property Code, to
include the proposed language concerning property characteristics
as a basis for assessing actual damages to a property owner in a
condemnation action.

Passage of this bill could cause a change in school district
property values reported to the Commissioner of Education by the
Comptroller.  Changes in school district property wealth could
have an impact on state funding for public education which cannot
be determined.

The Comptroller cannot estimate the impact on changes in costs to
the state and local governments because of the provisions
relating to assessing damages in condemnation proceedings.


The fiscal implication to  the State or units of local government
cannot be determined.    




 Source:  Comptroller of Public Accounts
          LBB Staff: JK, BR, DF