HB361 - Relating to the authority of the chief appraiser of certain appraisal districts to consider a property to be a comparable property when using the market data comparison method of appraisal to determine the market value of a residence homestead for ad valorem tax purposes.

  89R24097 MLH-D     By: Bernal H.B. No. 361       A BILL TO BE ENTITLED   AN ACT   relating to the authority of the chief appraiser of certain   appraisal districts to consider a property to be a comparable   property when using the market data comparison method of appraisal   to determine the market value of a residence homestead for ad   valorem tax purposes.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 23.013, Tax Code, is amended by adding   Subsection (f) to read as follows:           (f)     The chief appraiser of an appraisal district   established in a county with a population of more than 50,000 may   not consider the sale of a property to be a comparable sale for   purposes of determining the market value of property for which the   owner receives a residence homestead exemption authorized by   Section 11.13 unless:                 (1)     the owner of the sold property received a   residence homestead exemption authorized by that section for the   property on the date of the sale; and                 (2)     the sold property is located in the same   neighborhood as the property being appraised.          SECTION 2.  Section 23.013, Tax Code, as amended by this Act,   applies only to an ad valorem tax year that begins on or after   January 1, 2026.           SECTION 3.  This Act takes effect January 1, 2026.