HB 295, 49th R.S.
Relating to providing that when real estate is rendered and/or assessed for ad valorem taxes due the State, county or any taxing unit authorized by law to levy ad valorem taxes on same, said real estate shall be valued at not less than fifty per cent of its currently appraised values as required by law, but if said real estate is encumbered by any lien against same, which is created after the effective date of this Act, then the portion of the taxes rendered by and assessed against the owner shall be only the value of said real estate less the amount of the indebtedness secured by said lien or liens, and the taxes for the remainder of the value of said real estate shall be assessed against and collected from the holder of said lien or liens; and providing that all laws in conflict herewith shall be repealed.
Author: John Rankin Donnell
Subjects:
Taxation--Property-Assessment & Collection
The Legislative Archive System is a work in progress. Complete information is not available for all bills and all sessions. Visit the Legislative Archive System status page for details. Please contact the Legislative Reference Library at 512-463-1252 if you have any questions.
Information on this website is provided as a public service by the Legislative Reference Library. The Legislative Reference Library makes no representation as to its completeness or accuracy and makes no warranty in regard to its use. Users assume all risk of reliance on the information included on this site.