HB4478 — Relating to the determination of the capitalization rate to be used in the appraisal for ad valorem tax purposes of certain property used for low-income housing.

HB4478 — Relating to the determination of the capitalization rate to be used in the appraisal for ad valorem tax purposes of certain property used for low-income housing. · Informed CitizenryThe bill amends Section 11.1825 of the Tax Code by adding Subsection (r-1). This new subsection requires an appraisal district to post its methodology for developing the capitalization rate—the r…Open in Informed Citizenry