Texas Codes

Tex. Tax Code § 23.011 (2026)

Cost Method Of Appraisal

✓ current as of May 2026

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Sec. 23.011. COST METHOD OF APPRAISAL. If the chief appraiser uses the cost method of appraisal to determine the market value of real property, the chief appraiser shall:

(1) use cost data obtained from generally accepted sources;

(2) make any appropriate adjustment for physical, functional, or economic obsolescence;

(3) make available to the public on request cost data developed and used by the chief appraiser as applied to all properties within a property category and may charge a reasonable fee to the public for the data;

(4) clearly state the reason for any variation between generally accepted cost data and locally produced cost data if the data vary by more than 10 percent; and

(5) make available to the property owner on request all applicable market data that demonstrate the difference between the replacement cost of the improvements to the property and the depreciated value of the improvements.

Added by Acts 1997, 75th Leg., ch. 1039, Sec. 22, eff. Jan. 1, 1998.

Notes of Decisions

Cited in 6 cases (1 in the last 5 years), 2003–2024 · leading case: Houston R.E. Income Props. XV, Ltd. v. Waller Cnty. Appraisal Dist., 123 S.W.3d 859 (Tex. App. 2003).

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Houston R.E. Income Props. XV, Ltd. v. Waller Cnty. Appraisal Dist., 123 S.W.3d 859 (Tex. App. 2003). “Tex. Tax Code Ann. § 23.011 (Vernon 2001).”

Cent. Appraisal Dist. of Taylor Cnty. v. W. AH 406, Ltd., 372 S.W.3d 672 (Tex. App. 2012). “See Tex. Tax Code Ann. §§ 23.011 -.013 (West 2008 & Supp.”

In Re Galveston Cent. Appraisal Dist., 252 S.W.3d 904 (Tex. App. 2008). “See Tex. Tax Code Ann. § 23.011 (Vernon 2008)(describing the cost method of appraisal).”

Rocksprings Val Verde Wind, LLC v. Jackie Casanova, RPA, CCA, in Her Capacity as the Chief Appraiser of the Val Verde Cnty. Appraisal Dist. (2024). “2018) (citing TEX. TAX CODE ANN. §§ 23.011, .012, .013); see also TEX.”

Coastal Liquids Partners, L.P. v. Matagorda Cnty. Appraisal Dist. (Tex. App. 2008). “Tex. Tax Code Ann. § 23.011 (Vernon 2008).”

Cent. Appraisal Dist. of Taylor Cnty. v. W. AH 406, Ltd. (Tex. App. 2012). “at which a property would transfer for cash or its equivalent under prevailing market conditions if: (A) exposed for sale in the open market with a reasonable time for the seller to find a purchaser; (B) both the seller and the purchaser know of all the uses and purposes to…”

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