Section 9.4013 - Residential Real Property Inventory Appraisal(a) A residential real property inventory is one or more platted lots or tracts, and improvements, if any, meeting the following criteria: (1) they are under the same ownership;(2) they are contiguous to one another or are located in the same subdivision of development;(3) they are held for sale in the ordinary course of business;(4) they are subject to zoning restrictions limiting them to residential use, or, if not subject to zoning, they are: (A) subject to enforceable deed restrictions limiting them to residential use; or(B) their highest and best use is as residential property;(5) they have never been occupied for residential purpose; and(6) they are not presently leased or producing income.(b) A residential real property inventory shall be appraised as a unit at the price for which it would transfer to another person continuing the business, using generally accepted techniques for the appraisal of subdivisions and similar properties.34 Tex. Admin. Code § 9.4013
The provisions of this §9.4013 adopted to be effective August 22, 1988, 13 TexReg 3877; transferred effective November 26, 1991, as published in the Texas Register September 18, 1992, 17 TexReg 6481.