CS H.B. 670 75(R)BILL ANALYSIS WAYS & MEANS H.B. 670 By: Shields 2-24-97 Committee Report (Amended) BACKGROUND In the 74th Legislative Session, legislation was passed requiring appraisal districts to share information on property that lies in multiple appraisal districts, but did not require the districts to use a single valuation for property that lies within the overlap. Property owners in such areas continue to receive appraisals from different districts, which may have different values. PURPOSE This bill would allow a property owner in overlapping appraisal districts to petition the chief appraiser from the district outside of the property's county to accept the appraised value as determined by the appraisal district of the property's county. RULEMAKING AUTHORITY It is the committee's opinion that this bill does not expressly grant any additional rulemaking authority to a state officer, department, agency or institution. SECTION BY SECTION ANALYSIS SECTION 1.Amends Section 6.025, Tax Code, by adding Subsections (d) and (e) as follows: (d) Provides that the chief appraiser of county "A," whose district overlaps a property in county "B" shall, upon petition from the property owner, enter the value of the property as appraised by county "B," if it is lower than the appraised value in county "A." (e) Provides that Subsection (d) does not affect the authority of an appraisal review board or a court to determine a different appraised value upon protest or appeal. SECTION 2.Emergency clause. EXPLANATION OF AMENDMENTS Committee amendment #1 by Holzheauser would limit the effect of the bill to single family residences.