Property Valuation
In Texas, county appraisal district appraisals are conducted as of which date each year?
AJuly 1
BJanuary 1✓ Correct
CThe date the property was last sold
DOctober 1
Explanation
Texas Property Tax Code Section 23.01 requires that taxable property be appraised at its market value as of January 1 of each tax year. The county appraisal district must update appraisals based on January 1 market conditions. This date is used to determine property tax liability for the entire tax year.
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