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A BILL TO BE ENTITLED
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AN ACT
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relating to the determination of the total taxable value of |
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property in a school district under the property value study |
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conducted by the comptroller of public accounts. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subsection (b), Section 403.302, Government |
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Code, is amended to read as follows: |
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(b) In conducting the study, the comptroller shall |
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determine the taxable value of property in each school district: |
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(1) using, if appropriate, samples selected through |
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generally accepted sampling techniques; |
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(2) according to generally accepted standard |
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valuation, statistical compilation, and analysis techniques; |
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(3) ensuring that different levels of appraisal on |
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sold and unsold property do not adversely affect the accuracy of the |
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study; and |
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(4) ensuring that different levels of appraisal |
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resulting from protests determined under Section 41.43, Tax Code, |
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are appropriately adjusted in the study: |
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(A) by excluding from the samples used in the |
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study such properties that are determined to significantly vary |
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such that they adversely affect the accuracy and validity of the |
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study; or |
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(B) by using initial value prior to determination |
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by 41.43, Tax Code, for such properties, in the sample and in the |
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study. |
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SECTION 2. The change in law made by this Act applies only |
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to the annual study conducted by Section 403.302, Government Code, |
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to determine taxable value for a tax year that begins on or after |
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January 1, 2009. The annual study to determine taxable value for a |
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tax year that begins before that date is covered by the law in |
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effect immediately before the effective date of this Act, and the |
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prior law is continued in effect for that purpose. |
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SECTION 3. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2009. |