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A BILL TO BE ENTITLED
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AN ACT
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relating to a requirement that an appraisal district rely on an |
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appraisal of real property prepared by an appraiser and submitted |
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to the district by the property owner when determining the value of |
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the property. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter A, Chapter 23, Tax Code, is amended by |
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adding Section 23.02 to read as follows: |
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Sec. 23.02. DETERMINATION OF VALUE BASED ON APPRAISAL |
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PROVIDED BY PROPERTY OWNER. (a) Notwithstanding any other |
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provision of this chapter and subject to Subsections (b) and (c), if |
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the owner of a parcel of real property provides to an appraisal |
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district a copy of an appraisal of the property, the chief appraiser |
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for the appraisal district shall determine the property's appraised |
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or market value for the current tax year to be the value determined |
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by the appraisal of the property provided by the property owner. |
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(b) A property owner who intends to provide an appraisal |
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under this section must: |
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(1) file with the appraisal district written notice of |
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the property owner's intent to provide an appraisal to the district |
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not later than November 30 of the tax year preceding the year for |
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which the property owner intends to provide the appraisal; and |
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(2) provide the appraisal to the district not later |
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than April 1 of the tax year for which the appraisal was performed. |
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(c) To be valid, an appraisal provided under Subsection (a) |
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must be: |
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(1) performed not later than March 1 of the current tax |
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year and not earlier than December 1 of the preceding tax year; |
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(2) performed by an appraiser licensed or certified |
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under Chapter 1103, Occupations Code, to appraise the type of real |
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property for which the appraisal is provided; and |
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(3) attested to before an officer authorized to |
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administer oaths and include: |
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(A) the name and business address of the licensed |
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or certified appraiser; |
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(B) a description of the property that was the |
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subject of the appraisal; |
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(C) a statement that the appraised or market |
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value of the property: |
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(i) was, as applicable, the appraised or |
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market value of the property as of January 1 of the current tax |
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year; and |
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(ii) was determined using a method of |
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appraisal authorized or required by this chapter; and |
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(D) a statement that the appraisal was performed |
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in accordance with the Uniform Standards of Professional Appraisal |
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Practice. |
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SECTION 2. Section 23.02, Tax Code, as added by this Act, |
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applies only to an appraisal of real property for a tax year that |
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begins on or after the effective date of this Act. |
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SECTION 3. This Act takes effect September 1, 2025. |