Texas HB776 amends the definition of "eligible school district" for property value studies by the comptroller.

Texas HB776 modifies the definition of "eligible school district" for studies conducted by the comptroller of public accounts. A school district qualifies if, in the most recent study, the local value is invalid and does not exceed the state value. Additionally, in the two preceding studies, the local value must have been valid. The aggregate local value in the most recent study must be at least 90 percent of the lower limit of the margin of error. The change applies to studies for tax years beginning on or after January 1, 2026.

Texas HB776 amends the definition of "eligible school district" for property value studies by the comptroller.

Texas HB776 modifies the definition of "eligible school district" for studies conducted by the comptroller of public accounts. A school district qualifies if, in the most recent study, the local value is invalid and does not exceed the state value. Additionally, in the two preceding studies, the local value must have been valid. The aggregate local value in the most recent study must be at least 90 percent of the lower limit of the margin of error. The change applies to studies for tax years beginning on or after January 1, 2026.