| |
| |
|
|
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. |