The bill, H.B. No. 1766, mandates that appraisal districts in Texas must rely on appraisals of real property provided by property owners when determining the property's value for tax purposes. Specifically, it introduces a new section, Section 23.02, to the Tax Code, which stipulates that if a property owner submits an appraisal to the district, the chief appraiser is required to accept that value for the current tax year. To ensure the validity of the appraisal, the property owner must notify the appraisal district of their intent to provide an appraisal by November 30 of the preceding tax year and submit the appraisal by April 1 of the current tax year.

Additionally, the bill outlines specific requirements for the appraisals to be considered valid. These include that the appraisal must be conducted by a licensed or certified appraiser, performed within a specified timeframe, and attested to by an authorized officer. The bill is set to take effect on September 1, 2025, and applies to appraisals for tax years beginning on or after that date.

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