Terms Used In Texas Government Code Chapter 1331 > Subchapter B - Provisions Applicable to Certain Municipalities

• Appraisal: A determination of property value.
• Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. ^{Source: OCC}
• Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
• Justice: when applied to a magistrate, means justice of the peace. See Texas Government Code 312.011
• Population: means the population shown by the most recent federal decennial census. See Texas Government Code 311.005
• Property: means real and personal property. See Texas Government Code 311.005