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A BILL TO BE ENTITLED
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AN ACT
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relating to the inclusion in a notice of appraised value of a |
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property owner's residence homestead delivered to the owner by the |
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chief appraiser of an appraisal district of information regarding |
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the sales prices of other single-family homes in the same |
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neighborhood. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 25.19, Tax Code, is amended by adding |
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Subsection (m) to read as follows: |
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(m) A notice required by Subsection (a) or (g) applicable to |
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a residence homestead must include a separate document dedicated to |
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providing sales price information for each single-family home |
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recently sold in the same neighborhood as the residence homestead. |
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The document must have a caption that reads "RECENT SALES PRICES FOR |
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HOMES IN YOUR NEIGHBORHOOD" followed by the following statement: |
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"The average sales price per square foot of single-family homes |
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that have been sold in your neighborhood during the last three years |
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for which the appraisal district has information is (insert the |
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average dollar amount per square foot). The market value per square |
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foot for your home is (insert the dollar amount per square foot). |
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You may be able to use this information to protest the appraised |
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value of your home with the appraisal district. If you wish to |
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protest the appraised value of your home, please submit the |
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enclosed notice of protest form to the appraisal district or call |
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the district at (insert appraisal district telephone number)." |
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Following the preceding statement, the document must list the sales |
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price and price per square foot of each single-family home that the |
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appraisal district has information for that was sold in the |
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neighborhood in the three years preceding the date the notice is |
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delivered. The document must also include the market value and |
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price per square foot based on that value for the residence |
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homestead subject to the notice. The document is not required to |
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include the addresses of homes listed in the document. |
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SECTION 2. The change in law made by this Act applies only |
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to a notice of appraised value for a tax year that begins on or after |
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the effective date of this Act. |
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SECTION 3. This Act takes effect January 1, 2022. |