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AN ACT
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relating to the determination of the total taxable value of |
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property in a school district under the property value study |
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conducted by the comptroller of public accounts. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 403.302(b), Government Code, is amended |
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to read as follows: |
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(b) In conducting the study, the comptroller shall |
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determine the taxable value of property in each school district: |
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(1) using, if appropriate, samples selected through |
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generally accepted sampling techniques; |
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(2) according to generally accepted standard |
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valuation, statistical compilation, and analysis techniques; [and] |
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(3) ensuring that different levels of appraisal on |
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sold and unsold property do not adversely affect the accuracy of the |
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study; and |
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(4) ensuring that different levels of appraisal |
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resulting from protests determined under Section 41.43, Tax Code, |
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are appropriately adjusted in the study. |
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SECTION 2. The change in law made by this Act applies only |
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to the annual study conducted under Section 403.302, Government |
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Code, as amended by this Act, to determine taxable value for a tax |
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year that begins on or after January 1, 2007. The annual study to |
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determine taxable value for a tax year that begins before that date |
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is covered by the law in effect immediately before the effective |
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date of this Act, and the prior law is continued in effect for that |
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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 September 1, 2007. |
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______________________________ |
______________________________ |
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President of the Senate |
Speaker of the House |
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I certify that H.B. No. 3492 was passed by the House on April |
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27, 2007, by the following vote: Yeas 133, Nays 0, 2 present, not |
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voting. |
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______________________________ |
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Chief Clerk of the House |
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I certify that H.B. No. 3492 was passed by the Senate on May |
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21, 2007, by the following vote: Yeas 31, Nays 0. |
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______________________________ |
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Secretary of the Senate |
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APPROVED: _____________________ |
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Date |
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_____________________ |
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Governor |