Principle Criteria
Free Enterprise
Property Rights
Personal Responsibility
Limited Government
Individual Liberty
Digest
HB 4478 mandates appraisal districts to publicly post the methodology used to develop capitalization rates for appraising low-income housing properties for ad valorem tax purposes. The bill requires a reasonable opportunity for public comment before the capitalization rate is finalized and prohibits setting the rate solely based on a percentage change from the prior year. Instead, the methodology must incorporate viable economic metrics for the local market​.
Author (2)
Chris Turner
Trey Martinez Fischer
Contact the Author
Rep. Chris Turner
Capitol Phone:
(512) 463-0574
Capitol Office:
CAP 1N.5
E-Mail:
