HB 4043

relating to a limitation on the frequency with which an appraisal
district may reappraise property for ad valorem tax purposes.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1.  Section 25.18, Tax Code, is amended by amending
Subsection (b) and adding Subsection (b-1) to read as follows:
(b)  The plan shall provide for the following reappraisal
activities for all real and personal property in the district [at
(1)  identifying properties to be appraised through
physical inspection or by other reliable means of identification,
including deeds or other legal documentation, aerial photographs,
land-based photographs, surveys, maps, and property sketches;
(2)  identifying and updating relevant characteristics
of each property in the appraisal records;
(3)  defining market areas in the district;
(4)  identifying property characteristics that affect
property value in each market area, including:
(A)  the location and market area of property;
(B)  physical attributes of property, such as
(C)  legal and economic attributes; and
(D)  easements, covenants, leases, reservations,
contracts, declarations, special assessments, ordinances, or legal
(5)  developing an appraisal model that reflects the
relationship among the property characteristics affecting value in
each market area and determines the contribution of individual
(6)  applying the conclusions reflected in the model to
the characteristics of the properties being appraised; and
(7)  reviewing the appraisal results to determine
(b-1)  Notwithstanding Subsection (b), an appraisal office
may reappraise property in the year immediately following a year in
which the ownership of the property changes.
SECTION 2.  As soon as practicable after the effective date
of this Act but not later than December 31, 2025, each appraisal
office that has implemented a plan for periodic reappraisals of
property in the appraisal district shall amend that plan if
necessary to conform to the change in law made by this Act.
SECTION 3.  This Act takes effect immediately if it receives
a vote of two-thirds of all the members elected to each house, as
provided by Section 39, Article III, Texas Constitution.  If this
Act does not receive the vote necessary for immediate effect, this
Act takes effect September 1, 2025.