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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 by the comptroller to |
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determine the total taxable value of property in each school |
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district. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 403.302(a), Government Code, is amended |
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to read as follows: |
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(a) The comptroller shall conduct a study using comparable |
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sales, appraisals, and generally accepted auditing and sampling |
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techniques to determine the total taxable value of all property in |
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each school district. The study shall determine the taxable value |
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of all property and of each category of property in the district and |
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the productivity value of all land that qualifies for appraisal on |
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the basis of its productive capacity and for which the owner has |
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applied for and received a productivity appraisal. The |
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comptroller shall make appropriate adjustments in the study to |
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account for actions taken under Chapter 41, Education Code. The |
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comptroller shall make available to the appraisal district that |
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appraises property for the school district the comparable sales and |
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appraisals used in the study that are not confidential under law. |
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SECTION 2. This Act takes effect September 1, 2015. |