Tex. Loc. Gov't Code § 216.009
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
For an on-premise sign that is required to be removed, the compensable cost is an amount computed by determining a reasonable balance between the original cost of the sign, less depreciation, and the current replacement cost of the sign, less an adjustment for the present age and condition of the sign.
Tex. Loc. Gov't. Code § 216.009