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A BILL TO BE ENTITLED
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AN ACT
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relating to the appraisal for ad valorem tax purposes of a parcel of |
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land that is used for single-family residential purposes and is |
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contiguous to a parcel of agricultural or open-space land owned by |
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the same person. |
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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 23.25 to read as follows: |
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Sec. 23.25. APPRAISAL OF LAND USED FOR SINGLE-FAMILY |
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RESIDENTIAL PURPOSES THAT IS CONTIGUOUS TO AGRICULTURAL OR |
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OPEN-SPACE LAND WITH COMMON OWNERSHIP. (a) This section applies |
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only to the appraisal of a parcel of land that: |
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(1) is used for single-family residential purposes; |
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and |
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(2) is contiguous to a parcel of land that is: |
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(A) appraised under Subchapter C or D; and |
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(B) owned by: |
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(i) the same person; |
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(ii) the person's spouse; |
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(iii) an individual related within the |
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first degree of consanguinity to the person; or |
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(iv) a legal entity that is affiliated with |
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the person. |
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(b) In appraising the parcel of land, the chief appraiser |
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shall: |
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(1) determine the price for which the parcel of land |
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being appraised and the contiguous parcel of land described by |
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Subsection (a)(2) would sell if both parcels were sold as a single |
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combined parcel of land; and |
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(2) attribute a portion of the amount determined under |
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Subdivision (1) to the parcel of land being appraised based on the |
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proportion that the size of the parcel of land being appraised bears |
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to the size of the single combined parcel of land described by |
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Subdivision (1). |
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(c) If the chief appraiser uses the market data comparison |
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method of appraisal to appraise the parcel of land, the chief |
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appraiser may not use comparable sales data pertaining to the sale |
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of land located in the corporate limits of a municipality. |
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SECTION 2. This Act applies only to the appraisal of a |
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parcel of land for ad valorem tax purposes for a tax year that |
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begins on or after the effective date of this Act. |
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SECTION 3. This Act takes effect January 1, 2008. |