|
|
|
A BILL TO BE ENTITLED
|
|
AN ACT
|
|
relating to the determination of the appraised value of property |
|
for purposes of an ad valorem tax protest or appeal. |
|
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|
SECTION 1. Section 23.01, Tax Code, is amended by adding |
|
Subsection (f) to read as follows: |
|
(f) The selection of comparable properties and the |
|
application of appropriate adjustments for the determination of an |
|
appraised value of property by any person under Section 41.43(b)(3) |
|
or 42.26(a)(3) must be based on the application of generally |
|
accepted appraisal methods and techniques. If a sufficient number |
|
of comparable properties are not located in the county, comparable |
|
properties in other counties may be used for purposes of this |
|
subsection. Adjustments must be based on recognized methods and |
|
techniques that are necessary to produce a credible opinion. |
|
SECTION 2. This Act takes effect January 1, 2016. |