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A BILL TO BE ENTITLED
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AN ACT
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relating to the method to be used by the chief appraiser of an |
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appraisal district to determine the market value for ad valorem tax |
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purposes of the real property of a recreational vehicle park. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter B, Chapter 23, Tax Code, is amended by |
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adding Section 23.27 to read as follows: |
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Sec. 23.27. RECREATIONAL VEHICLE PARK. (a) In this |
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section, "recreational vehicle park" has the meaning assigned by |
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Section 13.087, Water Code. |
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(b) In determining the market value of the real property of |
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a recreational vehicle park, the chief appraiser shall use the cost |
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method of appraisal. |
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SECTION 2. Section 23.27, Tax Code, as added by this Act, |
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applies only to the appraisal of the real property of a recreational |
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vehicle park for a tax year that begins on or after the effective |
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date of this Act. |
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SECTION 3. This Act takes effect January 1, 2024. |