Floor Packet Page No. 266                                                   



	

Amend CSHB 3 in ARTICLE 1 of the bill by adding the following 

PART, lettered appropriately, to read as follows:

	PART ___.  REAPPRAISAL OF REAL PROPERTY

	SECTION 1_.01.  Section 25.18, Tax Code, is amended by 

adding Subsections (b-1) and (b-2) to read as follows:

	(b-1)  The plan may not provide for reappraisal of a parcel 

of real property more often than once in any three-year period.  

Except as provided by Subsection (b-2), the appraisal office may 

not reappraise a parcel of real property in the district more often 

than once in any three-year period.

	(b-2)  Notwithstanding Subsection (b-1), the appraisal 

office may reappraise a parcel of real property in the year 

immediately following a year in which the parcel is sold.

	SECTION _.02.  As soon as practicable after the effective 

date of this Act but not later than December 31, 2005, each 

appraisal office that has implemented a plan for periodic 

reappraisals of real property in the district shall amend that plan 

if necessary to conform to the change in law made by this Act to 

Section 25.18, Tax Code.  For purposes of complying with Section 

25.18(b-1), Tax Code, as added by this Act, the plan must provide 

that real property is not reappraised more often than once in the 

three-year period that includes the 2005, 2006, and 2007 tax years.