HB 1940
AN ACT relating to the clarification of the authority of an appraisal
89th Regular Session
Jan 14, 2025 - Jun 2, 2025 • Session ended
Awaiting Committee Assignment
Bill filed, pending referral to House committee
Committee
Not yet assigned
Fiscal Note
Not available
What This Bill Does
Clarifies that county appraisal offices can approve and implement property reappraisal plans that occur less frequently than annual assessments. The legislation modifies existing tax code to provide flexibility in how often properties are formally valued, while maintaining that property valuation will still be based on market value as of January 1 of the tax year. The change takes effect September 1, 2025, and could potentially reduce administrative costs for appraisal districts while still ensuring property tax assessments reflect current market conditions.
Subject Areas
Bill Text
relating to the clarification of the authority of an appraisal office to approve and implement a plan providing for the reappraisal of property in the appraisal district less frequently BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Section 23.01(a), Tax Code, is amended to read as (a) Except as otherwise provided by this chapter, all taxable property is appraised at its market value as of January 1 of the tax year in which the property is appraised. SECTION 2. This Act takes effect September 1, 2025.
Bill Sponsors
Legislators who authored or co-sponsored this bill.
Bill History
Bill filed: AN ACT relating to the clarification of the authority of an appraisal
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