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Terms Used In Texas Finance Code 351.012

  • Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
  • Property: means real and personal property. See Texas Government Code 311.005
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.

This chapter applies to a property tax loan that is extended to a person for payment of property taxes on real property located in this state.