Texas HB1940 clarifies the authority of an appraisal office to approve and implement a plan for reappraisal of property less frequently than annually.

Texas HB1940 amends the Tax Code to clarify that an appraisal office has the authority to approve and implement a plan for the reappraisal of property in the appraisal district less frequently than annually. This change aims to provide flexibility in property tax assessments, potentially reducing administrative burdens and costs. The act takes effect on September 1, 2025.

Texas HB1940 clarifies the authority of an appraisal office to approve and implement a plan for reappraisal of property less frequently than annually.

Texas HB1940 amends the Tax Code to clarify that an appraisal office has the authority to approve and implement a plan for the reappraisal of property in the appraisal district less frequently than annually. This change aims to provide flexibility in property tax assessments, potentially reducing administrative burdens and costs. The act takes effect on September 1, 2025.