Texas SB419 amends the Tax Code to change how the market value of solar energy property is determined for ad valorem tax purposes.

Texas SB419 modifies the Tax Code to alter the method for determining the market value of solar energy property for tax assessment. The chief appraiser must use cost data from generally accepted sources, adjust for physical, functional, or economic obsolescence, and calculate the depreciated value using a useful life of at least 35 years. This change applies to appraisals for tax years beginning after the bill's effective date of January 1, 2026.

Texas SB419 amends the Tax Code to change how the market value of solar energy property is determined for ad valorem tax purposes.

Texas SB419 modifies the Tax Code to alter the method for determining the market value of solar energy property for tax assessment. The chief appraiser must use cost data from generally accepted sources, adjust for physical, functional, or economic obsolescence, and calculate the depreciated value using a useful life of at least 35 years. This change applies to appraisals for tax years beginning after the bill's effective date of January 1, 2026.