LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE 75th Regular Session February 20, 1997 TO: Honorable Tom Craddick, Chair IN RE: House Bill No. 670, Committee Report 1st House Committee on Ways & Means By: Shields House Austin, Texas FROM: John Keel, Director In response to your request for a Fiscal Note on HB670 ( relating to the appraisal of property located in more than one appraisal district) this office has detemined the following: Biennial Net Impact to General Revenue Funds by HB670-Committee Report 1st House No significant fiscal implication to the State is anticipated. The bill would amend Section 6.025 of the Tax Code to require a chief appraiser who appraised property in another county for a taxing unit with territory in two or more counties to use the other county's appraised value for a single family residence, if the other county's appraised value is lower. No significant fiscal implication to units of local government is anticipated. Source: Agencies: LBB Staff: JK ,RR