HBA-GUM S.B. 1641 76(R) BILL ANALYSIS Office of House Bill AnalysisS.B. 1641 By: Nixon, Drew Ways & Means 4/27/1999 Engrossed BACKGROUND AND PURPOSE Currently, a property owner may be precluded from arguing to the appraisal review board that the chief appraiser used the wrong method of appraisal, because the statute currently allows the chief appraiser to use the method the chief appraiser considers the most appropriate method. Also, current law requires the chief appraiser, if using the market value method, to use comparable sales data if possible, even though comparable sales data is required when using the market data comparison method of appraisal. S.B. 1641 revises regulations governing certain methods of appraising property for ad valorem purposes. RULEMAKING AUTHORITY It is the opinion of the Office of House Bill Analysis that this bill does not expressly delegate any additional rulemaking authority to a state officer, department, agency, or institution. SECTION BY SECTION ANALYSIS SECTION 1. Amends Section 23.0101, Tax Code, to require a chief appraiser to use the most appropriate method of appraisal when determining the market value of property, rather than the method the appraiser considers most appropriate. SECTION 2. Amends Section 23.013, Tax Code, to delete the qualifying term "if possible" from the requirement that the chief appraiser use comparable sale data when using the market value of appraisal. SECTION 3. Effective date: January 1, 2000. Makes application of this Act prospective. SECTION 4. Emergency clause.