By: Nixon S.B. No. 1641
A BILL TO BE ENTITLED
AN ACT
1-1 relating to the appraisal of property for ad valorem tax purposes.
1-2 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-3 SECTION 1. Section 23.0101, Tax Code, is amended to read as
1-4 follows:
1-5 Sec. 23.0101. CONSIDERATION OF ALTERNATE APPRAISAL METHODS.
1-6 In determining the market value of property, the chief appraiser
1-7 shall consider the cost, income, and market data comparison methods
1-8 of appraisal and use the [method the chief appraiser considers]
1-9 most appropriate method.
1-10 SECTION 2. Section 23.013, Tax Code, is amended to read as
1-11 follows:
1-12 Sec. 23.013. MARKET DATA COMPARISON METHOD OF APPRAISAL. If
1-13 the chief appraiser uses the market data comparison method of
1-14 appraisal to determine the market value of real property, the chief
1-15 appraiser shall use comparable sales data [if possible] and shall
1-16 adjust the comparable sales to the subject property.
1-17 SECTION 3. This Act takes effect January 1, 2000, and
1-18 applies only to the appraisal of property for a tax year that
1-19 begins on or after that date.
1-20 SECTION 4. The importance of this legislation and the
1-21 crowded condition of the calendars in both houses create an
1-22 emergency and an imperative public necessity that the
1-23 constitutional rule requiring bills to be read on three several
1-24 days in each house be suspended, and this rule is hereby suspended.