| 1 | 1 | | 88R11787 SHH-F |
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| 2 | 2 | | By: Romero, Jr. H.B. No. 2312 |
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| 3 | 3 | | |
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| 4 | 4 | | |
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| 5 | 5 | | A BILL TO BE ENTITLED |
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| 6 | 6 | | AN ACT |
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| 7 | 7 | | relating to the authority of the chief appraiser of an appraisal |
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| 8 | 8 | | district to consider sales of property to governmental units when |
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| 9 | 9 | | using the market data comparison method to determine the market |
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| 10 | 10 | | value of real property for ad valorem tax purposes. |
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| 11 | 11 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 12 | 12 | | SECTION 1. Section 23.013, Tax Code, is amended by adding |
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| 13 | 13 | | Subsection (f) to read as follows: |
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| 14 | 14 | | (f) The chief appraiser may not consider a sale to be a |
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| 15 | 15 | | comparable sale for purposes of this section if: |
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| 16 | 16 | | (1) the purchaser at the sale is a governmental unit, |
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| 17 | 17 | | as that term is defined by Section 101.001, Civil Practice and |
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| 18 | 18 | | Remedies Code; and |
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| 19 | 19 | | (2) the chief appraiser determines that the |
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| 20 | 20 | | governmental unit paid a sales price that exceeded the market value |
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| 21 | 21 | | of the property. |
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| 22 | 22 | | SECTION 2. This Act applies only to the appraisal of |
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| 23 | 23 | | property for a tax year beginning on or after the effective date of |
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| 24 | 24 | | this Act. |
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| 25 | 25 | | SECTION 3. This Act takes effect January 1, 2024. |
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