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A BILL TO BE ENTITLED
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AN ACT
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relating to the margin of error to be used by the comptroller of |
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public accounts in connection with the property value study to |
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determine whether the local value for a school district is valid. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 403.302(c), Government Code, is amended |
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to read as follows: |
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(c) If after conducting the study the comptroller |
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determines that the local value for a school district is valid, the |
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local value is presumed to represent taxable value for the school |
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district. In the absence of that presumption, taxable value for a |
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school district is the state value for the school district |
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determined by the comptroller under Subsections (a) and (b) unless |
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the local value exceeds the state value, in which case the taxable |
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value for the school district is the district's local value. In |
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determining whether the local value for a school district is valid, |
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the comptroller shall use a margin of error that does not exceed 10 |
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[five] percent unless the comptroller determines that the size of |
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the sample of properties necessary to make the determination makes |
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the use of such a margin of error not feasible, in which case the |
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comptroller may use a larger margin of error. |
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SECTION 2. The change in law made by this Act applies only |
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to the study conducted under Section 403.302, Government Code, for |
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a tax year that begins on or after January 1, 2024. The study 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 on the 91st day after the last day of the |
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legislative session. |