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A BILL TO BE ENTITLED
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AN ACT
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relating to the authority of the chief appraiser of certain |
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appraisal districts to consider a property to be a comparable |
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property when using the market data comparison method of appraisal |
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to determine the market value of a residence homestead for ad |
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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, Tax Code, is amended by adding |
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Subsection (f) to read as follows: |
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(f) The chief appraiser of an appraisal district |
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established in a county with a population of more than 50,000 may |
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not consider the sale of a property to be a comparable sale for |
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purposes of determining the market value of property for which the |
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owner receives a residence homestead exemption authorized by |
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Section 11.13 unless: |
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(1) the owner of the sold property received a |
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residence homestead exemption authorized by that section for the |
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property on the date of the sale; and |
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(2) the sold property is located in the same |
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neighborhood as the property being appraised. |
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SECTION 2. Section 23.013, Tax Code, as amended by this Act, |
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applies only to an ad valorem tax year that begins on or after |
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January 1, 2026. |
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SECTION 3. This Act takes effect January 1, 2026. |