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