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  89R3210 LHC-D     By: Vasut H.B. No. 779       A BILL TO BE ENTITLED   AN ACT   relating to the margin of error to be used by the comptroller of   public accounts in connection with the property value study to   determine whether the local value for a school district is valid.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 403.302(c), Government Code, is amended   to read as follows:          (c)  If after conducting the study the comptroller   determines that the local value for a school district is valid, the   local value is presumed to represent taxable value for the school   district. In the absence of that presumption, taxable value for a   school district is the state value for the school district   determined by the comptroller under Subsections (a) and (b) unless   the local value exceeds the state value, in which case the taxable   value for the school district is the district's local value. In   determining whether the local value for a school district is valid,   the comptroller shall use a margin of error that does not exceed 15   [ five ] percent unless the comptroller determines that the size of   the sample of properties necessary to make the determination makes   the use of such a margin of error not feasible, in which case the   comptroller may use a larger margin of error.          SECTION 2.  The change in law made by this Act applies only   to the study conducted under Section 403.302, Government Code, for   a tax year that begins on or after January 1, 2026. The study for a   tax year that begins before that date is covered by the law in   effect immediately before the effective date of this Act, and the   prior law is continued in effect for that purpose.          SECTION 3.  This Act takes effect immediately if it receives   a vote of two-thirds of all the members elected to each house, as   provided by Section 39, Article III, Texas Constitution.  If this   Act does not receive the vote necessary for immediate effect, this   Act takes effect September 1, 2025.