By Nixon S.B. No. 1641
76R8918 GJH-F
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to the appraisal of property for ad valorem tax purposes.
1-3 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-4 SECTION 1. Section 23.0101, Tax Code, is amended to read as
1-5 follows:
1-6 Sec. 23.0101. CONSIDERATION OF ALTERNATE APPRAISAL METHODS.
1-7 In determining the market value of property, the chief appraiser
1-8 shall consider the cost, income, and market data comparison methods
1-9 of appraisal and use the [method the chief appraiser considers]
1-10 most appropriate method.
1-11 SECTION 2. Section 23.013, Tax Code, is amended to read as
1-12 follows:
1-13 Sec. 23.013. MARKET DATA COMPARISON METHOD OF APPRAISAL. If
1-14 the chief appraiser uses the market data comparison method of
1-15 appraisal to determine the market value of real property, the chief
1-16 appraiser shall use comparable sales data [if possible] and shall
1-17 adjust the comparable sales to the subject property.
1-18 SECTION 3. This Act takes effect January 1, 2000, and
1-19 applies only to the appraisal of property for a tax year that
1-20 begins on or after that date.
1-21 SECTION 4. The importance of this legislation and the
1-22 crowded condition of the calendars in both houses create an
1-23 emergency and an imperative public necessity that the
1-24 constitutional rule requiring bills to be read on three several
2-1 days in each house be suspended, and this rule is hereby suspended.