Texas Administrative Code
Title 34 - PUBLIC FINANCE
Part 1 - COMPTROLLER OF PUBLIC ACCOUNTS
Chapter 9 - PROPERTY TAX ADMINISTRATION
Subchapter I - VALUATION PROCEDURES
Section 9.4013 - Residential Real Property Inventory Appraisal

Universal Citation: 34 TX Admin Code § 9.4013

Current through Reg. 50, No. 13; March 28, 2025

(a) A residential real property inventory is one or more platted lots or tracts, and improvements, if any, meeting the following criteria:

(1) they are under the same ownership;

(2) they are contiguous to one another or are located in the same subdivision of development;

(3) they are held for sale in the ordinary course of business;

(4) they are subject to zoning restrictions limiting them to residential use, or, if not subject to zoning, they are:
(A) subject to enforceable deed restrictions limiting them to residential use; or

(B) their highest and best use is as residential property;

(5) they have never been occupied for residential purpose; and

(6) they are not presently leased or producing income.

(b) A residential real property inventory shall be appraised as a unit at the price for which it would transfer to another person continuing the business, using generally accepted techniques for the appraisal of subdivisions and similar properties.

Disclaimer: These regulations may not be the most recent version. Texas may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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