| |
| |
|
|
A BILL TO BE ENTITLED
|
|
|
AN ACT
|
|
|
relating to the margin of error to be used by the comptroller of |
|
|
public accounts in connection with the property value study to |
|
|
determine whether the local value for a school district is valid. |
|
|
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|
|
SECTION 1. Section 403.302(c), Government Code, is amended |
|
|
to read as follows: |
|
|
(c) If after conducting the study the comptroller |
|
|
determines that the local value for a school district is valid, the |
|
|
local value is presumed to represent taxable value for the school |
|
|
district. In the absence of that presumption, taxable value for a |
|
|
school district is the state value for the school district |
|
|
determined by the comptroller under Subsections (a) and (b) unless |
|
|
the local value exceeds the state value, in which case the taxable |
|
|
value for the school district is the district's local value. In |
|
|
determining whether the local value for a school district is valid, |
|
|
the comptroller shall use a margin of error that does not exceed 10 |
|
|
[five] percent unless the comptroller determines that the size of |
|
|
the sample of properties necessary to make the determination makes |
|
|
the use of such a margin of error not feasible, in which case the |
|
|
comptroller may use a larger margin of error. |
|
|
SECTION 2. The change in law made by this Act applies only |
|
|
to the study conducted under Section 403.302, Government Code, for |
|
|
a tax year that begins on or after January 1, 2024. The study for a |
|
|
tax year that begins before that date is covered by the law in |
|
|
effect immediately before the effective date of this Act, and the |
|
|
prior law is continued in effect for that purpose. |
|
|
SECTION 3. This Act takes effect immediately if it receives |
|
|
a vote of two-thirds of all the members elected to each house, as |
|
|
provided by Section 39, Article III, Texas Constitution. If this |
|
|
Act does not receive the vote necessary for immediate effect, this |
|
|
Act takes effect September 1, 2023. |