Texas Special District Local Laws Code 3818.209 – Assessments and Bond Limit
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Terms Used In Texas Special District Local Laws Code 3818.209
- Appraisal: A determination of property value.
- Property: means real and personal property. See Texas Government Code 311.005
The board may not issue bonds or impose assessments that exceed 10 percent of the assessed value of the property in the district based on the most recent certified county tax appraisal roll.