TO: | Honorable Frank Madla, Chair, Senate Committee on Intergovernmental Relations |
FROM: | John S. O'Brien, Deputy Director, Legislative Budget Board |
IN RE: | SB760 by Armbrister (Relating to the classification of open-space land into categories for purposes of appraising the land for ad valorem tax purposes.), As Introduced |
This bill would require chief appraisers to classify agricultural land according to soil type, soil capability, irrigation, general topography, geographical factors, and other factors that influence the productive capacity of the category. Since the bill would change school district taxable property values, no fiscal implication to the State is anticipated.
Source Agencies: | 304 Comptroller of Public Accounts
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LBB Staff: | JOB, DLBa, WP, DLBe
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