43 Tex. Admin. Code § 215.117
Market Value Property Appraisal
Effective Jun 1, 202449 TexReg 2704Source Note: The provisions of this §215.117 adopted to be effective January 6, 2013, 37 TexReg 10255; amended to be effective February 13, 2017, 42 TexReg 571; amended to be effective June 1, 2024, 49 TexReg 2704.Texas Secretary of State
- (a) An appraiser performing a market value property appraisal in accordance with Occupations Code, §2301.482(c) must be a Texas-certified real estate appraiser.
- (b) Necessary real estate and necessary construction are each determined by the applicable property use agreement.
- (c) The market value of property in accordance with Occupations Code, §2301.482(c), is the average of the market value property appraisals of the three certified real estate appraisers.
Source Note:The provisions of this §215.117 adopted to be effective January 6, 2013, 37 TexReg 10255; amended to be effective February 13, 2017, 42 TexReg 571; amended to be effective June 1, 2024, 49 TexReg 2704.