| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | By: Romero, Jr. H.B. No. 3910 | |
| 2 | 2 | ||
| 3 | 3 | ||
| 4 | 4 | A BILL TO BE ENTITLED | |
| 5 | 5 | AN ACT | |
| 6 | 6 | relating to the authority of the chief appraiser of an appraisal | |
| 7 | 7 | district to consider sales of property to governmental units when | |
| 8 | 8 | using the market data comparison method to determine the market | |
| 9 | 9 | value of real property for ad valorem tax purposes. | |
| 10 | 10 | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
| 11 | 11 | SECTION 1. Section 23.013, Tax Code, is amended by adding | |
| 12 | 12 | Subsection (e) to read as follows: | |
| 13 | 13 | (e) The chief appraiser may not consider a sale to be a | |
| 14 | 14 | comparable sale for purposes of this section if: | |
| 15 | 15 | (1) the purchaser at the sale is a governmental unit, | |
| 16 | 16 | as that term is defined by Section 101.001, Civil Practice and | |
| 17 | 17 | Remedies Code; and | |
| 18 | 18 | (2) the chief appraiser determines that the | |
| 19 | 19 | governmental unit paid a sales price that exceeded the market value | |
| 20 | 20 | of the property. | |
| 21 | 21 | SECTION 2. This Act applies only to the appraisal of | |
| 22 | 22 | property for a tax year beginning on or after the effective date of | |
| 23 | 23 | this Act. | |
| 24 | 24 | SECTION 3. This Act takes effect January 1, 2022. |