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