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AN ACT
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relating to the requirements for a sale to be considered a |
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comparable sale for ad 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 (b-1) to read as follows: |
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(b-1) Notwithstanding Subsection (b), for a residential |
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property in a county with a population of more than 150,000, a sale |
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is not considered to be a comparable sale unless the sale occurred |
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within 36 months of the date as of which the market value of the |
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subject property is to be determined, regardless of the number of |
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comparable properties sold during that period. |
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SECTION 2. This Act applies only to the appraisal of |
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property for a tax year beginning on or after the effective date of |
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this Act. |
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SECTION 3. This Act takes effect January 1, 2014. |
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______________________________ |
______________________________ |
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President of the Senate |
Speaker of the House |
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I hereby certify that S.B. No. 1256 passed the Senate on |
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April 17, 2013, by the following vote: Yeas 31, Nays 0. |
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______________________________ |
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Secretary of the Senate |
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I hereby certify that S.B. No. 1256 passed the House on |
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May 22, 2013, by the following vote: Yeas 148, Nays 0, two |
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present not voting. |
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______________________________ |
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Chief Clerk of the House |
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Approved: |
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Date |
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______________________________ |
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Governor |