The bill amends Section 403.302(c) of the Government Code to establish a new margin of error for the comptroller of public accounts when determining the validity of local property values for school districts. Specifically, the bill sets the margin of error at a maximum of 15 percent, replacing the previous limit of five percent. This change allows for greater flexibility in the assessment process, particularly in cases where the sample size of properties makes the smaller margin of error impractical.

Additionally, the bill stipulates that the new margin of error will apply only to property value studies conducted for tax years beginning on or after January 1, 2026. For tax years prior to this date, the existing law will remain in effect. The bill will take immediate effect if it receives a two-thirds majority vote in both houses; otherwise, it will take effect on September 1, 2025.

Statutes affected:
Introduced: Government Code 403.302 (Government Code 403)