Travis Central Appraisal District v. FM Properties Operating Co.

I respectfully suggest the majority confuse the legislature’s undoubted power to prescribe a method for appraising market value with a power the legislature undoubtedly does not have — a power to authorize taxation of real property on a basis other than its actual market value. I believe Tax Code section 23.12(a) is unconstitutional on its face insofar as the statute applies to real property-

The constitution requires that all taxable real property “shall be taxed in’proportion to its value, which shall be ascertained as may be provided by law.” Tex. Const, art. VIII, § 1(b) (emphasis added).…