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 impractical.

The new law will apply to property value studies conducted for tax years beginning on or after January 1, 2026, while studies for earlier tax years will continue to follow the previous regulations. The bill will take effect immediately if it receives a two-thirds majority vote in both houses; otherwise, it will become effective on September 1, 2025.

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