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A BILL TO BE ENTITLED
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AN ACT
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relating to the authority of the chief appraiser of an appraisal |
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district to consider sales of property to governmental units when |
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using the market data comparison method to determine the market |
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value of real property for ad valorem tax purposes. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 23.013, Tax Code, is amended by adding |
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Subsection (f) to read as follows: |
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(f) The chief appraiser may not consider a sale to be a |
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comparable sale for purposes of this section if: |
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(1) the purchaser at the sale is a governmental unit, |
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as that term is defined by Section 101.001, Civil Practice and |
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Remedies Code; and |
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(2) the chief appraiser determines that the |
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governmental unit paid a sales price that exceeded the market value |
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of the property. |
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SECTION 2. This Act applies only to the appraisal of |
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property for a tax year beginning on or after the effective date of |
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this Act. |
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SECTION 3. This Act takes effect January 1, 2024. |