Texas Appraisal Reform Clears House!

Appraisal-reform package clears House
As the legislative session enters its last 30 days, appraisal-reform legislation has cleared an important legislative hurdle:
• House Bill 8. Passed by the House on April 27. This bill would allow for the comptroller’s office to conduct a methods and procedures audit and a property value study of appraisal districts every other year.
• Senate Bill 20. Passed by the Senate on April 28. This bill will modernize and update appraisal methods and oversight of appraisal districts to ensure greater accountability and efficiency. It will also promote taxpayer fairness by streamlining the appraisal process while preserving taxpayer protections.
• House Bill 2447. Passed by the House on April 27. This bill implements the Sunset recommendations to repeal the Board of Tax Professional Examiners (BTPE). The functions of the BTPE would be split between the Texas Department of Licensing and Regulation and the comptroller’s office.
• House Bill 3454. Passed by the House on April 30. This bill requires all available evidence that is specific to the value of a property to be considered in determining market value. It also defines “comparable sale” to include only a sale occurring within 24 months of the date of the appraisal adjusted for changes in the market value over time.
• House Bill 3611. Passed by the House on April 27. This bill allows appraisal districts to enter into an agreement to consolidate appraisal review boards.
• House Bill 3612. Passed by the House on April 27. This bill allows property tax appeals from certain counties to be heard by the state Office of Administrative Hearings.
• House Bill 3613. Passed by the House on April 27. This bill allows for a residence homestead to be appraised as a residence, not on the basis of the “highest and best use” appraisal standard.
• House Joint Resolution 36. Adopted by the House on April 27. This joint resolution allows for the implementation of the bills above

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