S.B. No. 1605 amends Section 403.302 of the Government Code to enhance the process by which the comptroller of public accounts determines the value of land appraised as part of a census of properties in school districts. The new language mandates that when assessing land value, including that based on productive capacity, the comptroller must make appropriate adjustments to account for changes in value resulting from property protests as outlined in Section 41.43 of the Tax Code. This addition aims to ensure a more accurate reflection of property values in the study conducted for school district property assessments.

The changes introduced by this bill will only apply to 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 from both houses of the legislature; otherwise, it will become effective on September 1, 2025.

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