Bill > SB2370

This bill modifies the duties of the Texas Comptroller of Public Accounts by requiring additional actions when the comptroller determines that a school district's local property value (as determined by the local appraisal district) is not valid. Specifically, if the comptroller finds the local property valuation to be invalid during the final certification of a study, the comptroller must collaborate with the commissioner of education to estimate the "lost revenue" for that school district. "Lost revenue" is defined as the amount of money a school district loses due to state aid reductions or adjustments to local revenue limits resulting from using the state's property value instead of the local appraisal district's value. The comptroller must then provide this lost revenue estimate to the school district's board of trustees. This new requirement will apply to tax years beginning on or after January 1, 2026, and is designed to provide transparency and financial information to school districts when their local property valuations are challenged or deemed inaccurate.