83R4427 DDT-D
By: Patrick S.B. No. 1256
A BILL TO BE ENTITLED
AN ACT
relating to the requirements for a sale to be considered a
comparable sale for ad valorem tax purposes.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 23.013(b), Tax Code, is amended to read
as follows:
(b) A sale is not considered to be a comparable sale unless
the sale occurred within 24 months of the date as of which the
market value of the subject property is to be determined[, except
that a sale that did not occur during that period may be considered
to be a comparable sale if enough comparable properties were not
sold during that period to constitute a representative sample].
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, 2014.