Relating to the clarification of the authority of an appraisal office to approve and implement a plan providing for the reappraisal of property in the appraisal district less frequently than annually.

HB 1940 clarifies that Texas appraisal districts may approve and implement plans to reappraise property less frequently than annually (e.g., every two years instead of yearly). The bill amends the Tax Code to explicitly authorize appraisal offices to use such plans without changing the requirement that property must be appraised at market value as of January 1 of the tax year. This change allows districts to reduce administrative costs by conducting reappraisals less often while maintaining the annual appraisal date. Property owners in districts adopting these plans would have their property values updated less frequently.