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A BILL TO BE ENTITLED
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AN ACT
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relating to the Comptroller's Property Value Study. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Chapter 403 of the Government Code is amended by |
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adding section 403.302(c-2) to read as follows: |
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This subsection applies only to a school district with an |
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enrollment of less than 2000 students located in a county |
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contiguous to those counties with a population of more than |
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1,000,000. If after conducting the study the comptroller determines |
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that the local value for a school district is valid, the local value |
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is presumed to represent taxable value for the school district. In |
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the absence of that presumption, taxable value for a school |
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district is calculated by multiplying the state value for the |
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school district determined by the comptroller under Subsections (a) |
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and (b) by 1.05, unless the local value exceeds the state value, in |
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which case the taxable value for the school district is the |
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district's local value. In determining whether the local value for |
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a school district is valid, the comptroller shall use a margin of |
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error that does not exceed five percent unless the comptroller |
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determines that the size of the sample of properties necessary to |
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make the determination makes the use of such a margin of error not |
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feasible, in which case the comptroller may use a larger margin of |
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error. |
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SECTION 2. The changes in law made by this Act relating to |
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the Comptroller's Property Value Study apply beginning with the tax |
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year 2016 Property Value Study. |
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SECTION 3. The changes in law made to Section 403.302(c-2), |
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as amended by this Act, take effect immediately if this Act receives |
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a vote of two-thirds of all 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 that section to have |
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immediate effect, that section takes effect on the 91st day after |
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the last day of the legislative session |