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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(b), Tax Code, is amended to read |
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as follows: |
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(b) A sale is not considered to be a comparable sale unless |
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the sale occurred within 24 months of the date as of which the |
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market value of the subject property is to be determined[, except
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that a sale that did not occur during that period may be considered
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to be a comparable sale if enough comparable properties were not
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sold during that period to constitute a representative sample]. |
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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. |