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.