Texas Tax Code

Sec. § 23.215
Appraisal of Certain Nonexempt Property Used for Low-income or Moderate-income Housing


(a)

This section applies only to real property owned by an organization:

(1)

that on the effective date of this section was rented to a low-income or moderate-income individual or family satisfying the organization’s income eligibility requirements and that continues to be used for that purpose;

(2)

that was financed under the low income housing tax credit program under Subchapter DD (Purpose), Chapter 2306 (Texas Department of Housing and Community Affairs), Government Code;

(3)

that does not receive an exemption under Section 11.182 (Community Housing Development Organizations Improving Property for Low-income and Moderate-income Housing: Property Previously Exempt) or 11.1825 (Organizations Constructing or Rehabilitating Low-income Housing: Property Not Previously Exempt); and

(4)

the owner of which has not entered into an agreement with any taxing unit to make payments to the taxing unit instead of taxes on the property.

(b)

The chief appraiser shall appraise the property in the manner provided by Section 11.1825 (Organizations Constructing or Rehabilitating Low-income Housing: Property Not Previously Exempt)(q).
Acts 2003, 78th Leg., ch. 1156, Sec. 5, eff. Jan. 1, 2004.
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Last accessed
Jun. 7, 2021