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A BILL TO BE ENTITLED
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AN ACT
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relating to a limitation on the frequency with which an appraisal |
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district may reappraise property for ad valorem tax purposes. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 25.18, Tax Code, is amended by amending |
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Subsection (b) and adding Subsection (b-1) to read as follows: |
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(b) The plan shall provide for the following reappraisal |
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activities for all real and personal property in the district [at |
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least] once every three years: |
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(1) identifying properties to be appraised through |
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physical inspection or by other reliable means of identification, |
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including deeds or other legal documentation, aerial photographs, |
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land-based photographs, surveys, maps, and property sketches; |
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(2) identifying and updating relevant characteristics |
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of each property in the appraisal records; |
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(3) defining market areas in the district; |
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(4) identifying property characteristics that affect |
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property value in each market area, including: |
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(A) the location and market area of property; |
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(B) physical attributes of property, such as |
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size, age, and condition; |
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(C) legal and economic attributes; and |
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(D) easements, covenants, leases, reservations, |
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contracts, declarations, special assessments, ordinances, or legal |
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restrictions; |
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(5) developing an appraisal model that reflects the |
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relationship among the property characteristics affecting value in |
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each market area and determines the contribution of individual |
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property characteristics; |
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(6) applying the conclusions reflected in the model to |
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the characteristics of the properties being appraised; and |
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(7) reviewing the appraisal results to determine |
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value. |
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(b-1) Notwithstanding Subsection (b), an appraisal office |
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may reappraise property in the year immediately following a year in |
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which the ownership of the property changes. |
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SECTION 2. As soon as practicable after the effective date |
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of this Act but not later than December 31, 2025, each appraisal |
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office that has implemented a plan for periodic reappraisals of |
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property in the appraisal district shall amend that plan if |
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necessary to conform to the change in law made by this Act. |
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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 September 1, 2025. |