SB1840 —

Compared against the Texas statutes as published AI-generated reading aid — verify against the official bill.

This bill amends 4 section(s) of the Texas statutes: Section 5.10(a), Tax Code, Section 23.01, Tax Code, Section 23.013(b), Tax Code, Section 25.18, Tax Code.

• The If in any school is considered to be valid → Every two years, the In a in which for a school district taxable value of property in the district is presumed to be: (1) the if the most recent study for the district resulted in a determination by the comptroller that the district's local value was: (A) valid; or (B) not valid and exceeded the comptroller's value for the district; or (2) the comptroller's value for the district from the most recent study if the study resulted in a determination by the comptroller that the district's local value was not valid and did not exceed the comptroller's value

  amended

• Section 5.10(a), Tax Code

  At least once every → Every

  amended

• Section 23.01, Tax Code

  The burden of proof is on the chief appraiser to support an increase in the appraised value of property under the circumstances described by this subsection. → (i) The chief appraiser has the burden of supporting an increase in the appraised value of property from the preceding tax year.

  amended

• Section 23.013(b), Tax Code

  , except that a sale that did not occur during that period may be considered to be a comparable sale if enough comparable properties were not sold during that period to constitute a representative sample

  amended

• Section 25.18, Tax Code

  , except as provided by Subsections (b-1), (b-2), (b-3), and (b-4) (b-1) The plan shall provide for the reappraisal of all real and personal property in the district not more often than once every two years. (b-2) Notwithstanding Subsection (b-1), at any time during a tax year before the date the chief appraiser submits the completed appraisal records to the appraisal review board under Section 25.22, an owner of real or personal property is entitled to a reappraisal of the owner's property for that year on written request delivered to the chief appraiser. (b-3) Notwithstanding Subsection (b-1), the plan must allow the chief appraiser, for a tax year in which real property is not reappraised, to add to the market value of the property the amount of any increase in the value of the property attributable to an improvement to the property made during the preceding tax year. (b-4) Subsection (b-1) does not apply to the appraisal of a residence homestead in the tax year in which a limitation on appraised value under Section 23.23(a) expires.

  amended