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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 property |
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that qualifies for an exemption as a historic or archaeological |
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site. |
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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) In this subsection, "historic site" means a structure or |
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archeological site and the land necessary for access to and use of |
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the structure or archeological site subject to an exemption under |
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Section 11.24. In determining the market value of a historic site, |
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the chief appraiser shall consider the effect on the property's |
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value of any restriction placed on the property owner's ability to |
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alter, improve, or repair the property based on the property's |
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designation as a historic site. |
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SECTION 2. This Act applies to the appraisal for ad valorem |
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tax purposes of property that qualifies for an exemption as a |
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historic or archaeological site only for a tax year beginning on or |
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after the effective date of this Act. |
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SECTION 3. This Act takes effect January 1, 2026. |