Texas SB2553 amends the Tax Code to define "historic site" and requires appraisers to consider restrictions on property alterations when valuing such.

Texas SB2553 amends the Tax Code to clarify the definition of "historic site" as a structure or archaeological site and the land necessary for access and use. The bill requires the chief appraiser to consider the effect on property value of any restrictions on altering, improving, or repairing the property due to its historic designation. This change applies to the appraisal for ad valorem tax purposes of property that qualifies for an exemption as a historic or archaeological site, effective for tax years beginning on or after the effective date of the Act, which is January 1, 2026.

Texas SB2553 amends the Tax Code to define "historic site" and requires appraisers to consider restrictions on property alterations when valuing such.

Texas SB2553 amends the Tax Code to clarify the definition of "historic site" as a structure or archaeological site and the land necessary for access and use. The bill requires the chief appraiser to consider the effect on property value of any restrictions on altering, improving, or repairing the property due to its historic designation. This change applies to the appraisal for ad valorem tax purposes of property that qualifies for an exemption as a historic or archaeological site, effective for tax years beginning on or after the effective date of the Act, which is January 1, 2026.