89th Legislature, Regular Session
HB 4703
Relating to the application of the market data comparison method of appraisal to determine the market value of real property for ad valorem tax purposes.
Introduced
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- Passed House
- Passed Senate
- To Governor
- Became Law
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89R16217 PRL-D By: Turner H.B. No. 4703 A BILL TO BE ENTITLED AN ACT relating to the application of the market data comparison method of appraisal to determine the market value of real property for ad valorem tax purposes. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Section 23.013, Tax Code, is amended by adding Subsection (d-1) to read as follows: (d-1) For purposes of Subsection (d), the comptroller by rule shall establish standards to be used by a person when making a determination that property is comparable to another property. The