AGENDA CAPTION:
Title
Consider approval of Resolution 2015-63R, requesting that the Hays Central Appraisal District reappraise properties in the City of San Marcos affected by the recent historic flooding as authorized by Texas Tax Code Section 23.02.
Body
Meeting date: June 2, 2015
Department: CMO (Miller)
Funds Required: n/a
Account Number:
Funds Available:
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CITY COUNCIL GOAL: Economic Vitality
COMPREHENSIVE PLAN ELEMENTS: Land Use & Neighborhoods and Housing
BACKGROUND:
Due to the severe damage incurred to several residential neighborhoods and businesses during the May 2015 Flood, the City of San Marcos is requesting the Hays County Central Appraisal District (HCAD) to adjust or re-assess flood-affected property values to its Certified Tax Role based on Texas Tax Code Section 23.02. Each taxing entity must request reappraisal for its own taxing unit. Each entity will bear the cost of reappraisal, although costs may be shared in our areas since Hays County may also be requesting reappraisal of the area.
Sec. 23.02. REAPPRAISAL OF PROPERTY DAMAGED IN DISASTER AREA. (a) The governing body of a taxing unit that is located partly or entirely inside an area declared to be a disaster area by the governor may authorize reappraisal of all property damaged in the disaster at its market value immediately after the disaster.
(b) If a taxing unit authorizes a reappraisal pursuant to this section, the appraisal office shall complete the reappraisal as soon as practicable. The appraisal office shall include on the appraisal records, in addition to other information required or authorized by law:
(1) the date of the disaster;
(2) the appraised value of the property after the disaster; and
(3) if the reappraisal is not authorized by all taxing units in which the property is located, an indication of the taxing units to which the reappr...
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