§ 11-1-25. ASSESSMENT OF PROPERTY BY CHIEF APPRAISER FOR COUNTY.

(A)

The chief appraiser for the county appraisal district shall:

(1)

determine the portion of land that is reasonably necessary for access to and use of a historic structure that is subject to the application for a tax exemption; and

(2)

assess for taxation all excess land at the rate applied to other taxable property in the City.

(B)

The chief appraiser's determination of the amount of land reasonably necessary for access to and use of a historic structure subject to an application for a tax exemption is final.

(C)

The chief appraiser for the county appraisal district shall, on or before June 1 of each year, or as soon as is practicable and prior to council's annual tax levy, forward the application to the council documenting the chief appraiser's determination of the assessed values of:

(1)

the historic structure and the land necessary for its access and use; and

(2)

the land in excess of that necessary for access to and use of the historic structure.

Source: 1992 Code Section 5-5-24; Ord. 031204-10; Ord. 031211-11.