House Bill No. 1766 introduces a new requirement for appraisal districts in Texas to rely on appraisals of real property provided by property owners when determining property values for tax purposes. The bill adds Section 23.02 to Subchapter A of Chapter 23 of the Tax Code, stipulating that if a property owner submits an appraisal to the district, the chief appraiser must accept that value for the current tax year. To ensure the validity of the appraisal, property owners must file a notice of intent by November 30 of the preceding tax year and submit the appraisal by April 1 of the current tax year. The appraisal must be conducted by a licensed or certified appraiser and adhere to specific standards.

Additionally, the bill outlines the requirements for the appraisal itself, including the timeframe in which it must be performed and the necessary attestations from the appraiser. The new provisions will only apply to appraisals for tax years beginning on or after the effective date of the Act, which is set for September 1, 2025. This legislation aims to provide property owners with more control over the valuation of their properties and streamline the appraisal process.

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