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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 determining the market value of residential real |
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property located in a designated historic district, the chief |
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appraiser shall consider the effect on the property's value of any |
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restriction placed by the historic district on the property owner's |
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ability to alter, 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. |