Texas § TX.23.012 - INCOME METHOD OF APPRAISAL
Full text of Texas The Texas Constitution § TX.23.012 — INCOME METHOD OF APPRAISAL, with citation guidance and answers to common questions.
§ TX.23.012. INCOME METHOD OF APPRAISAL
INCOME METHOD OF APPRAISAL. (a) If the income method of appraisal is the most appropriate method to use to determine the market value of real property, the chief appraiser shall: (1) analyze comparable rental data available to the chief appraiser or the potential earnings capacity of the property, or both, to estimate the gross income potential of the property; (2) analyze comparable operating expense data available to the chief appraiser to estimate the operating expenses of the property; (3) analyze comparable data available to the chief appraiser to estimate rates of capitalization or rates of discount; and (4) base projections of future rent or income potential and expenses on reasonably clear and appropriate evidence. (b) In developing income and expense statements and cash-flow projections, the chief appraiser shall consider: (1) historical information and trends; (2) current supply and demand factors affecting those trends; and (3) anticipated events such as competition from other similar properties under construction. Added by Acts 1997, 75th Leg., ch. 1039, Sec. 22, eff. Jan. 1, 1998. Amended by Acts 2003, 78th Leg., ch. 548, Sec. 1, eff. Jan. 1, 2004.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § TX.23.012
What does The Texas Constitution § TX.23.012 cover?
Section TX.23.012 ("INCOME METHOD OF APPRAISAL") 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 § TX.23.012?
A common citation format is "The Texas Constitution § TX.23.012" (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 § TX.23.012 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.