LEGISLATIVE BUDGET BOARD
                              Austin, Texas
                                     
                    FISCAL NOTE, 77th Regular Session
  
                               May 16, 2001
  
  
          TO:  Honorable Rene Oliveira, Chair, House Committee on Ways &
               Means
  
        FROM:  John Keel, Director, Legislative Budget Board
  
       IN RE:  SB1816  by Jackson (Relating to the certification by a
               chief appraiser of certain taxable properties not
               included in the initial appraisal roll for a taxing
               unit.), As Engrossed
  
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*  Total taxable value is an element in the state's school funding       *
*  formula.  Passage of the bill could cause a change in school          *
*  district taxable values reported to the Commissioner of Education     *
*  by the Comptroller and effect the state cost of public education.     *
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The bill would amend Section 26.01 of the Tax Code to require the chief
appraiser to submit to each taxing unit a certified list of properties
not included in the initial appraisal roll or on the list of properties
certified as being under protest before the appraisal review board.

The list would include the market value, appraised value, and taxable
value for the preceding year and an estimate of those values for the
current year.  Until the property on the proposed list would be added to
a unit's appraisal roll, the unit would have to use the lower value for
the calculation of its effective and rollback tax rates.
  
Local Government Impact
  
The impact of the bill on local governments would depend on the
incidence of and amount of value involved in the timely reporting to
taxing units of late discovered properties by appraisal districts.
  
  
Source Agencies:   304   Comptroller of Public Accounts
LBB Staff:         JK, SD, DB, BR