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) 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
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  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.
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