81R13224 JD-D
 
  By: Otto H.B. No. 3454
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the determination of the value of property for ad
  valorem tax purposes.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 23.01(b), Tax Code, is amended to read as
  follows:
         (b)  The market value of property shall be determined by the
  application of generally accepted appraisal methods and
  techniques. If the appraisal district determines the appraised
  value of a property using mass appraisal standards, the mass
  appraisal standards must comply with the Uniform Standards of
  Professional Appraisal Practice. The same or similar appraisal
  methods and techniques shall be used in appraising the same or
  similar kinds of property. However, each property shall be
  appraised based upon the individual characteristics that affect the
  property's market value, and all available evidence that is
  specific to the value of the property shall be taken into account in
  determining the property's market value.
         SECTION 2.  Section 23.013, Tax Code, is amended to read as
  follows:
         Sec. 23.013.  MARKET DATA COMPARISON METHOD OF APPRAISAL.
  (a) If the chief appraiser uses the market data comparison method of
  appraisal to determine the market value of real property, the chief
  appraiser shall use comparable sales data and shall adjust the
  comparable sales to the subject property.
         (b)  A sale of real property is not considered to be a
  comparable sale unless the sale occurred within 24 months of the
  date as of which the market value of the subject property is to be
  determined and is appropriately adjusted for changes in the market
  value over the time period between the dates of the sale and the
  appraisal. Whether a property is comparable to the subject
  property shall be determined based on similarities with regard to
  location, square footage of the lot and improvements, property age,
  property condition, property access, amenities, views, income,
  operating expenses, occupancy, and the existence of easements, deed
  restrictions, or other legal burdens affecting marketability.
         SECTION 3.  This Act applies only to the appraisal of
  property for a tax year beginning on or after the effective date of
  this Act.
         SECTION 4.  This Act takes effect January 1, 2010.