Principle Criteria
Free Enterprise
Property Rights
Personal Responsibility
Limited Government
Individual Liberty
Digest
HB 1940 amends Section 23.01(a) of the Texas Tax Code to clarify the authority of an appraisal office to approve and implement a plan for the reappraisal of property within an appraisal district at intervals less frequent than annually. The bill affirms that taxable property is appraised at its market value as of January 1 of the tax year in which it is appraised, except as otherwise provided by the chapter.
Author (1)