Bill Text: TX HB3906 | 2023-2024 | 88th Legislature | Introduced
Bill Title: Relating to the authority of the chief appraiser of an appraisal district to consider a sale of real property to be a comparable sale when using the market data comparison method of appraisal to determine the market value of real property for ad valorem tax purposes.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2023-03-20 - Referred to Ways & Means [HB3906 Detail]
Download: Texas-2023-HB3906-Introduced.html
88R14444 SHH-D | ||
By: Rogers | H.B. No. 3906 |
|
||
|
||
relating to the authority of the chief appraiser of an appraisal | ||
district to consider a sale of real property to be a comparable sale | ||
when using the market data comparison method of appraisal to | ||
determine the market value of real property for ad valorem tax | ||
purposes. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Sections 23.013(b) and (b-1), Tax Code, are | ||
amended to read as follows: | ||
(b) A sale is not considered to be a comparable sale unless | ||
the sale occurred: | ||
(1) not earlier than [ |
||
the date [ |
||
to be determined, except that a sale that occurred earlier [ |
||
if enough comparable properties were not sold during the 24-month | ||
[ |
||
(2) not later than January 1 of the tax year for which | ||
the market value of the subject property is to be determined. | ||
(b-1) Notwithstanding Subsection (b)(1) [ |
||
residential property in a county with a population of more than | ||
150,000, a sale is not considered to be a comparable sale unless the | ||
sale occurred within 36 months of the date as of which the market | ||
value of the subject property is to be determined, regardless of the | ||
number of comparable properties sold during that period. | ||
SECTION 2. This Act applies only to the appraisal for ad | ||
valorem tax purposes of real property for a tax year that begins on | ||
or after the effective date of this Act. | ||
SECTION 3. This Act takes effect January 1, 2024. |