Bill > HB779

This bill modifies the margin of error the Texas Comptroller of Public Accounts can use when conducting the property value study to determine the taxable value of school districts. Currently, the comptroller uses a 5% margin of error when assessing whether a school district's local property value is valid. The bill increases this margin of error to 15%, allowing for a broader range of acceptable variation when comparing local and state property valuations. If the sample size of properties is too small to effectively use a 15% margin of error, the comptroller may still use a larger margin. The changes will apply only to property value studies for tax years beginning on or after January 1, 2026, meaning studies for earlier tax years will continue to use the previous 5% margin of error. The bill will take effect immediately if it receives a two-thirds vote in both legislative chambers, or on September 1, 2025, if it does not receive the immediate effect vote.

Budget and Finance

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HB779