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Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Tax Code § 23.53: CAPITALIZATION RATE.

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Where this section sits in the code
  1. TAX CODE
  2. TITLE 1. PROPERTY TAX CODE
  3. SUBTITLE D. APPRAISAL AND ASSESSMENT
  4. CHAPTER 23. APPRAISAL METHODS AND PROCEDURES
  5. SUBCHAPTER D. APPRAISAL OF AGRICULTURAL LAND

The capitalization rate to be used in determining the appraised value of qualified open-space land as provided by this subchapter is 10 percent or the interest rate specified by the Farm Credit Bank of Texas or its successor on December 31 of the preceding year plus 2-1/2 percentage points, whichever percentage is greater.

Acts 1979, 66th Leg., p. 2259, ch. 841, Sec. 1, eff. Jan. 1, 1982. Amended by Acts 1995, 74th Leg., ch. 579, Sec. 4, eff. Jan. 1, 1996.

Collected 2026-08-27T01:47:41Z. Source file · JSON

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