Untitled Texas Attorney General Opinion

Honorable William P. Hobby Opinion No. H-1022 Lieutenant Governor of Texas State Capitol Austin, Texas Honorable Bill Clayton Speaker of the House Re: Valuation of property State Capitol for ad valorem taxation Austin, Texas purposes. Dear Governor Hobby and Speaker Clayton: You have asked our opinion on four questions relating to ad valorem taxation and the distribution of funds for public school purposes. Your first question is: Ray the' Legislature, in exercising its duty under Articl.e 8, Section 1, of the Texas Constitution, to provide by law how value is to be ascertained for ad valorem…