Bill Text: TX HB27 | 2017-2018 | 85th Legislature | Introduced
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Relating to the consideration of the use of property or a comparable property in certain appeals of an appraisal review board order.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2017-05-11 - Placed on General State Calendar [HB27 Detail]
Download: Texas-2017-HB27-Introduced.html
Bill Title: Relating to the consideration of the use of property or a comparable property in certain appeals of an appraisal review board order.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2017-05-11 - Placed on General State Calendar [HB27 Detail]
Download: Texas-2017-HB27-Introduced.html
85R10658 LHC-F | ||
By: Springer | H.B. No. 27 |
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relating to the consideration of the use of property or a comparable | ||
property when appraising property for ad valorem tax purposes. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 23.01, Tax Code, is amended by adding | ||
Subsections (h), (i), and (j) to read as follows: | ||
(h) Except as provided by Subsection (d), a property must | ||
have the same highest and best use as the subject property to be | ||
considered a comparable property. | ||
(i) A use restriction on property that prohibits the | ||
continuation of the current use of the property, or prohibits a | ||
competitive use of the property, by a subsequent owner may not be | ||
considered in the determination of the property's highest and best | ||
use. | ||
(j) Except as provided by Subsection (d), the determination | ||
of the market value of property must include consideration of | ||
whether the highest and best use of the property is the continuation | ||
of the current use of the property. | ||
SECTION 2. This Act applies only to the appraisal of | ||
property for a tax year beginning on or after the effective date of | ||
this Act. | ||
SECTION 3. This Act takes effect January 1, 2018. |