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Tex. Tax Code § 23.53

CAPITALIZATION RATE

Texas · Texas Tax Code · Status: effective

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Tex. Tax Code § 23.53, CAPITALIZATION RATE, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/574153
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The capitalization rate to be used in determining the appraised value of qualified open-space land as provided by this subchapter is 10 percent or the interest rate specified by the Farm Credit Bank of Texas or its successor on December 31 of the preceding year plus 2-1/2 percentage points, whichever percentage is greater.