Texas Tax Code

§ 1.12 — MEDIAN LEVEL OF APPRAISAL

TX § 1.12Title 1. PROPERTY TAX CODE · Part A. GENERAL PROVISIONS · Ch. 1. GENERAL PROVISIONS

Statute text

(a)For purposes of this title, the median level of appraisal is the median appraisal ratio of a reasonable and representative sample of properties in an appraisal district or, for purposes of Section 41.43 or 42.26, of a sample of properties specified by that section.

(b)An appraisal ratio is the ratio of a property's appraised value as determined by the appraisal office or appraisal review board, as applicable, to:

(1)the appraised value of the property according to law if the property qualifies for appraisal for tax purposes according to a standard other than market value; or

(2)the market value of the property if Subdivision (1) of this subsection does not apply.

(c)The median appraisal ratio for a sample of properties is, in a numerically ordered list of the appraisal ratios for the properties:

(1)if the sample contains an odd number of properties, the appraisal ratio above and below which there is an equal number of appraisal ratios in the list; or

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Legislative history

Acts 2023, 88th Leg., 2nd C.S., Ch. 1 (S.B. 2), Sec. 4.01, eff. January 1, 2024. Acts 2023, 88th Leg., 2nd C.S., Ch. 1 (S.B. 2), Sec. 4.02, eff. January 1, 2027.