TX HB291

Requires purchasers or grantees of real property to file a sales price disclosure report with the county appraisal district within 10 days after the deed is recorded, disclosing the sales price, financing method, and any unusual terms affecting the sale price

Exempts certain transactions from the disclosure requirement, including court-ordered transfers, bankruptcy proceedings, foreclosures, transfers between co-owners, transfers to spouses or immediate family members, and transfers to entities with eminent domain power

Prohibits chief appraisers from using the sales price disclosure report as the sole basis for increasing a property's market value for tax purposes

Allows residential property owners who file a certified appraisal (performed within 180 days of the hearing) with the appraisal review board to have their protest automatically determined in their favor, with the property value changed to match their appraisal

Makes knowingly filing a false sales price disclosure report a Class A misdemeanor or state jail felony, and authorizes chief appraisers to seek injunctions to compel compliance with the reporting requirements

Takes effect September 1, 2025, with the sales price disclosure requirements applying to sales occurring on or after January 1, 2026