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TITLE 43TRANSPORTATION
PART 10TEXAS DEPARTMENT OF MOTOR VEHICLES
CHAPTER 215MOTOR VEHICLE DISTRIBUTION
SUBCHAPTER DFRANCHISED DEALERS, MANUFACTURERS, DISTRIBUTORS, AND CONVERTERS
RULE §215.117Market Value Property Appraisal

(a) A market value property appraisal assessment made in accordance with Occupations Code, §2301.482(c) requires three general certified real estate appraisers certified by the State of Texas.

(b) Necessary real estate and necessary construction are each determined by the applicable property use agreement.

(c) To determine market value of property in accordance with Occupations Code, §2301.482(c), an average of the market value property appraisals will be calculated from the independent market value property assessment determinations of the three general certified real estate appraisers.


Source Note: The provisions of this §215.117 adopted to be effective January 6, 2013, 37 TexReg 10255; amended to be effective February 13, 2017, 42 TexReg 571

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