HB1766 - Relating to a requirement that an appraisal district rely on an appraisal of real property prepared by an appraiser and submitted to the district by the property owner when determining the value of the property.

  89R266 DRS-D     By: Landgraf H.B. No. 1766       A BILL TO BE ENTITLED   AN ACT   relating to a requirement that an appraisal district rely on an   appraisal of real property prepared by an appraiser and submitted   to the district by the property owner when determining the value of   the property.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Subchapter A, Chapter 23, Tax Code, is amended by   adding Section 23.02 to read as follows:           Sec.   23.02.     DETERMINATION OF VALUE BASED ON APPRAISAL   PROVIDED BY PROPERTY OWNER. (a) Notwithstanding any other   provision of this chapter and subject to Subsections (b) and (c), if   the owner of a parcel of real property provides to an appraisal   district a copy of an appraisal of the property, the chief appraiser   for the appraisal district shall determine the property's appraised   or market value for the current tax year to be the value determined   by the appraisal of the property provided by the property owner.           (b)     A property owner who intends to provide an appraisal   under this section must:                 (1)     file with the appraisal district written notice of   the property owner's intent to provide an appraisal to the district   not later than November 30 of the tax year preceding the year for   which the property owner intends to provide the appraisal; and                 (2)     provide the appraisal to the district not later   than April 1 of the tax year for which the appraisal was performed.           (c)     To be valid, an appraisal provided under Subsection (a)   must be:                 (1)     performed not later than March 1 of the current tax   year and not earlier than December 1 of the preceding tax year;                 (2)     performed by an appraiser licensed or certified   under Chapter 1103, Occupations Code, to appraise the type of real   property for which the appraisal is provided; and                 (3)     attested to before an officer authorized to   administer oaths and include:                       (A)     the name and business address of the licensed   or certified appraiser;                       (B)     a description of the property that was the   subject of the appraisal;                       (C)     a statement that the appraised or market   value of the property:                             (i)     was, as applicable, the appraised or   market value of the property as of January 1 of the current tax   year; and                             (ii)     was determined using a method of   appraisal authorized or required by this chapter; and                       (D)     a statement that the appraisal was performed   in accordance with the Uniform Standards of Professional Appraisal   Practice.          SECTION 2.  Section 23.02, Tax Code, as added by this Act,   applies only to an appraisal of real property for a tax year that   begins on or after the effective date of this Act.          SECTION 3.  This Act takes effect September 1, 2025.