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Comptroller's office releases 2025 pre-preliminary property value data
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The Comptroller’s Property Tax Assistance Division has released its pre-preliminary data for the 2025 tax year. The release only includes local reported data by CADs and does not include any information on whether those local values have been found valid through the Property Value Study (PVS).
You can find the self-report summary (district total across all counties) here.
For those unfamiliar with this data, this represents an updated look at your property values. The report translates information submitted by your CAD in the fall into the "T Values" that are used for state funding/recapture calculations. For this year, note that there are four new T values, resulting from the passage of SB 4 and SB 23 this past November.
You can find these T values on the "Local Tax Roll Value" tab. Again, we want to stress that these values have not been approved by the Comptroller through the PVS. These values only represent what your CAD(s) has reported to the state. The PVS results are released each year at the end of January. It is at that time that ISDs will be able to confirm whether their local CAD values passed the Property Value Study and will be accepted for use in state funding and recapture calculations.
There are, however, some key things to check with the pre-preliminary release:
- First, we will occasionally see tax rates misreported, so review those on the "Values, Exemptions, Rates" tab (see lines 42 and 43).
- We have seen instances where the frozen levy/value data was either missing or potentially misreported in this report. Looking at the "Freeze Form" tab, your value on line 7, column A (SR0706) should be less than your value on line 7, column B (SR0716).
Column B shows the frozen values and levy information prior to the impact of previously passed property tax relief. As a result, that pre-relief levy should be less than what appears in column A (i.e. after the impact of tax relief measures).
These values will impact the amount of hold harmless you received on your SOF under the Other Programs detail report (line 14).
- We would also recommend a thorough review of the more complicated deductions such as Tax Increment Financing and Chapter 313/JETI, if those apply to your district.
If you do not anticipate getting state values assigned on the PVS and no errors were identified, you can update your templates with these values. MoakCasey will release an updated version of its template with this data incorporated within the next few days.
CADs and school districts will have until January 7 to submit requests for corrections. Instructions for requesting corrections to the self-reports can be found here and should be done in coordination with your CAD.
Getting these errors corrected now will prevent them from impacting your cash flow when TEA updates the Summary of Finance to reflect the preliminary PVS values in February/March.
As always, please send any questions you may have to tspn@moakcasey.com. |
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Comptroller's HB 103 Bond Reporting Tool
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The Comptroller's Data Analysis and Transparency Division hosted a webinar this month demonstrating how to use the new Bond, Tax and Project Database (as required by HB 103). Each district's Superintendent should have received a unique access code through email to submit to the database.
By January 1, 2026, districts are expected to report all elections to increase taxes that have been held since 2015. This is a statutory deadline with a $1,000 fine for noncompliance. However, the Comptroller's office assured participants on the call that they recognized the tight deadline and would be understanding while everyone works to navigate and submit through the agency's portal.
In January, there will be a Phase Two rollout of the portal that will include some corrections and expanded capabilities based on feedback from users and needs for reporting 2026 upcoming elections. The Comptroller's office invited districts to direct their questions and provide feedback by emailing: transparency@cpa.texas.gov. The slides from the webinar can be found here, and they will also be updating an FAQ document and Glossary to support districts.
We strongly recommend that districts lean on their financial advisor to gather and verify much of the data being asked for here. Your FAs have access to Municipal Advisory Council databases that will facilitate your district's implementation of HB 103.
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Your Texas School Policy Network Team
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