LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE 75th Regular Session February 17, 1997 TO: Honorable Tom Craddick, Chair IN RE: House Bill No. 670 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-As Introduced 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 that property, if the other county's appraised value is lower. No significant fiscal implication to units of local government is anticipated. Source: Agencies: 304 Comptroller of Public Accounts LBB Staff: JK ,RR ,BR