Texas § IN.401.059 - DETERMINATION OF VALUE
Full text of Texas The Texas Constitution § IN.401.059 — DETERMINATION OF VALUE, with citation guidance and answers to common questions.
§ IN.401.059. DETERMINATION OF VALUE
DETERMINATION OF VALUE. In determining the value or market value of an investment in or on real estate or an improvement to real estate by a carrier authorized to engage in business in this state, the department, in administering this code, may consider any factor or matter that the department considers proper and material, including: (1) an appraisal by a real estate board or other qualified person; (2) an affidavit by another person familiar with those values; (3) a tax valuation; (4) the cost of acquisition after deducting for depreciation and obsolescence; (5) the cost of replacement; (6) sales of other comparable property; (7) enhancement in value from any cause; (8) income received or to be received; and (9) any improvements made. Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 1, eff. April 1, 2007.
Frequently Asked Questions About Texas § IN.401.059
What does The Texas Constitution § IN.401.059 cover?
Section IN.401.059 ("DETERMINATION OF VALUE") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § IN.401.059?
A common citation format is "The Texas Constitution § IN.401.059" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § IN.401.059 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.