Bill > HB1766

This bill establishes a new process for property owners to influence the assessed value of their real property by allowing them to submit a professional appraisal to the local appraisal district that will be used to determine the property's value for tax purposes. Under the proposed law, property owners must follow specific requirements: they must file a written notice of intent to provide an appraisal by November 30 of the preceding tax year, submit the actual appraisal by April 1 of the tax year, and ensure the appraisal meets several strict criteria. The appraisal must be conducted by a licensed or certified appraiser between December 1 and March 1, performed in accordance with professional appraisal standards, and include detailed information such as the appraiser's business address, property description, and a statement confirming the appraisal method used. If the submitted appraisal meets all requirements, the chief appraiser will be required to use that value for determining the property's appraised or market value for the current tax year. The bill will take effect on September 1, 2025, and will apply to property tax years beginning on or after that date, potentially giving property owners more control over how their property is assessed for tax purposes.

Budget and Finance

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HB1766