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                                                                  H.B. No. 703




AN ACT

relating to the property tax appraisal of property located in more 
than one appraisal district.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:                        
	SECTION 1.  Section 6.025, Tax Code, is amended by adding 
Subsection (d) to read as follows:
	(d)  If on May 1 all the chief appraisers of the appraisal 
districts described by Subsection (a) in which a parcel or item of 
property is located are not in agreement as to the appraised or 
market value of the property, on that date each of the chief 
appraisers shall enter as the appraised or market value of the 
property on the appraisal records of the appropriate appraisal 
district the lowest appraised or market value of the property as 
determined by any of the chief appraisers.  If as a result of a 
protest, appeal, or other action the appraised or market value of 
the property is subsequently reduced in any of the appraisal 
districts, the chief appraiser shall notify each of the appraisal 
districts of the reduced appraised or market value.  The chief 
appraiser of each appraisal district shall enter that reduced 
appraised or market value on the appraisal records as the appraised 
or market value of the property.  If the appraised or market value 
is reduced in more than one appraisal district, each chief 
appraiser shall enter the lowest of those values on the appraisal 
records.
	SECTION 2.  This Act takes effect January 1, 2004, and 
applies only to the appraisal for ad valorem tax purposes of 
property for a tax year that begins on or after that date.




______________________________              ______________________________
 
   President of the Senate                               Speaker of the House      

	I certify that H.B. No. 703 was passed by the House on May 10, 
2003, by a non-record vote.

                                                  ______________________________
                                                     Chief Clerk of the House   

	I certify that H.B. No. 703 was passed by the Senate on May 
28, 2003, by the following vote:  Yeas 31, Nays 0.

                                                  ______________________________
                                                     Secretary of the Senate    



APPROVED:  _____________________                                            
 
                   Date                                                      




 
          _____________________                                          
 
                 Governor