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A BILL TO BE ENTITLED
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AN ACT
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relating to the methods and procedures used to determine school |
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district property values. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter M, Chapter 403, Government Code, is |
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amended as follows: |
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Sec. 403.302(a). DETERMINATION OF SCHOOL DISTRICT PROPERTY |
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VALUES. The comptroller shall conduct a study using comparable |
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sales, apraisals, automated valuation models, and generally |
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accepted auditing and sampling techniques to determine the total |
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taxable value of all property in each school district. The study |
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shall determine the taxable value of all property and of each |
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category of property in the district and the productivity val |
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ue of |
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all land that qualifies for appraisal on the basis of its productive |
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capacity and for which the owner has applied for and received a |
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productivity appraisal. The comptroller shall make appropriate |
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adjustments in the study to account for actions taken under Chapter |
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41, Education Code. The comptroller shall make available to the |
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appraisal districts the comparable sales and appraisals used in |
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developing the automated valuation models and the study. |
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Notwithstanding Section 552.149, this information shall be made |
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available at the time the study is released to the appraisal |
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districts. |