87R12423 DRS-D
By: Meyer H.B. No. 3971
A BILL TO BE ENTITLED
AN ACT
relating to the appraisal for ad valorem tax purposes of
residential real property located in a designated historic
district.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 23.013, Tax Code, is amended by adding
Subsection (e) to read as follows:
(e) In determining the market value of residential real
property located in a designated historic district, the chief
appraiser shall consider the effect on the property's value of any
restriction placed by the historic district on the property owner's
ability to alter, improve, or repair the property.
SECTION 2. This Act applies to the appraisal for ad valorem
tax purposes of residential real property only for a tax year
beginning on or after the effective date of this Act.
SECTION 3. This Act takes effect January 1, 2022.