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A BILL TO BE ENTITLED
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AN ACT
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relating to the appraisal for ad valorem tax purposes of |
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residential real property located in a designated historic |
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district. |
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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 (e) to read as follows: |
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(e) In this subsection, "designated historic district" |
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means an area that is zoned or otherwise designated as a historic |
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district under municipal, state, or federal law. In determining |
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the market value of residential real property located in a |
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designated historic district, the chief appraiser shall consider |
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the effect on the property's value of any restriction placed by the |
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historic district on the property owner's ability to alter, |
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improve, or repair the property. |
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SECTION 2. This Act applies to the appraisal for ad valorem |
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tax purposes of residential real property only for a tax year |
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beginning on or after the effective date of this Act. |
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SECTION 3. This Act takes effect January 1, 2022. |