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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 appraised value of property |
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for purposes of an ad valorem tax protest or appeal. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 41.43, Tax Code, is amended by adding |
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Subsection (e) to read as follows: |
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(e) For purposes of Subsection (b)(3), the median appraised |
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value of comparable properties must be calculated using the |
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appraised value of each comparable property as shown in the |
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appraisal records submitted to the appraisal review board by the |
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chief appraiser under Section 25.22 or 25.23. |
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SECTION 2. Section 42.26, Tax Code, is amended by adding |
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Subsection (e) to read as follows: |
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(e) For purposes of Subsection (a)(3), the median appraised |
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value of comparable properties must be calculated using the |
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appraised value of each comparable property as shown in the |
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appraisal records certified by the chief appraiser under Section |
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26.01. |
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SECTION 3. Section 41.43(e), Tax Code, as added by this Act, |
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applies only to a protest under Chapter 41, Tax Code, for which a |
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notice of protest is filed on or after the effective date of this |
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Act. A protest under Chapter 41, Tax Code, for which a notice of |
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protest was filed before the effective date of this Act is governed |
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by the law in effect on the date the notice of protest was filed, and |
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the former law is continued in effect for that purpose. |
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SECTION 4. Section 42.26(e), Tax Code, as added by this Act, |
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applies only to an appeal under Chapter 42, Tax Code, for which a |
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petition for review is filed on or after the effective date of this |
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Act. An appeal under Chapter 42, Tax Code, for which a petition for |
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review was filed before the effective date of this Act is governed |
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by the law in effect on the date the petition for review was filed, |
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and the former law is continued in effect for that purpose. |
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SECTION 5. 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, 2015. |