Section 215.117 - Market Value Property Appraisal(a) An appraiser performing a market value property appraisal in accordance with Occupations Code, §2301.482(c) must be a Texas- certified real estate appraiser.(b) Necessary real estate and necessary construction are each determined by the applicable property use agreement.(c) The market value of property in accordance with Occupations Code, § 2301.482(c), is the average of the market value property appraisals of the three certified real estate appraisers.43 Tex. Admin. Code § 215.117
The provisions of this §215.117 adopted to be effective January 6, 2013, 37 TexReg 10255; Amended by Texas Register, Volume 42, Number 06, February 10, 2017, TexReg 578, eff. 2/13/2017; Amended by Texas Register, Volume 49, Number 17, April 26, 2024, TexReg 2720, eff. 6/1/2024