Tex. Gov't Code § 1471.059 · Subchapter C. REFINANCING ROAD DISTRICT BONDS THROUGH ASSESSMENTS
ADJUSTMENT OF VALUES FOLLOWING REASSESSMENT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) In making a reassessment under Section 1471.058(b), the road district shall assess the property using the property's market value for the year preceding the year in which the bonds or certificates are issued.
(b) The district shall proportionately reduce the assessment of the other property in the district to reflect the value of the reassessed property. The district shall refund to a property owner the difference between the amount of the original assessment and a new assessment under this subsection if the property owner has paid the entire amount of the original assessment.
Notes and commentary — not statutory text
History
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.1471.htm
- Text hash
- sha256 cf82601b8532fa38b964a2b865e4fb988b2bb4cb989f5bc87469a78864e39221
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
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