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Floor Packet Page No. 18
Amend HB 3 in ARTICLE 1 of the bill by adding the following
PART, lettered appropriately, to read as follows:
PART ___. LIMITATION ON FREQUENCY OF REAPPRAISALS 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 1__.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.