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A BILL TO BE ENTITLED
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AN ACT
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relating to the requirements for a sale to be considered a |
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comparable sale for ad valorem tax purposes. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 23.013, Tax Code, is amended by adding |
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Subsection (b-1) to read as follows: |
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(b-1) Notwithstanding Subsection (b), for a residential |
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property in a county with a population of more than 150,000, a sale |
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is not considered to be a comparable sale unless the sale occurred |
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within 36 months of the date as of which the market value of the |
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subject property is to be determined, regardless of the number of |
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comparable properties sold during that period. |
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SECTION 2. This Act applies only to the appraisal of |
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property for a tax year beginning on or after the effective date of |
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this Act. |
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SECTION 3. This Act takes effect January 1, 2014. |