What does Texas SB973 do?
SB973 fundamentally alters property tax administration by empowering Chief Appraisers to bypass periodic reappraisal cycles and adjust values "as necessary," effectively eliminating the reliance on multi-year valuation stability. Additionally, the bill expands public transparency, authorizing Appraisal Districts (CADs) to publish detailed overhead sketches, field records, and street-level photography of residential and commercial assets, which necessitates immediate verification of government data by property owners. Implementation Timeline Effective Date: September 1, 2025 Compliance Deadline: January 1, 2026 (Tax Year 2026) Note:* While the law is effective in September, the operational impact hits during the 2026 valuation cycle.