Texas HB4703 amends the Tax Code to establish standards for determining property comparability for ad valorem tax purposes.

Texas HB4703 amends Section 23.013 of the Tax Code to require the comptroller of public accounts to establish standards for determining property comparability using the market data comparison method. These standards must be based on property similarity and, where practicable, similarity to properties within the same appraisal district. The comptroller must implement these standards as soon as practicable after the Act's effective date of January 1, 2026.

Texas HB4703 amends the Tax Code to establish standards for determining property comparability for ad valorem tax purposes.

Texas HB4703 amends Section 23.013 of the Tax Code to require the comptroller of public accounts to establish standards for determining property comparability using the market data comparison method. These standards must be based on property similarity and, where practicable, similarity to properties within the same appraisal district. The comptroller must implement these standards as soon as practicable after the Act's effective date of January 1, 2026.