TX HB4703

Requires the Texas Comptroller to establish rules setting standards for determining when properties are considered "comparable" under the market data comparison method used for property tax appraisals

Standards must require comparability determinations to be based on similarity of property characteristics already specified in existing law (Section 23.013(d) of the Tax Code)

Standards must also require, to the extent practicable, that comparable properties be located within the same appraisal district as the property being appraised

The Comptroller must establish these standards as soon as practicable after the bill's effective date

Takes effect January 1, 2026