2 results for “border security”
HB 247 would establish a property tax exemption for the appraised value of real property in border counties that results from border security infrastructure installation or construction, contingent on passage of HJR 34. The bill defines "border security infrastructure" and "qualified border security infrastructure agreements," prohibits appraisers from considering prices paid by state or federal entities when valuing property purchased for border security, and would reduce school district property tax revenue with minimal anticipated state costs through the school finance formula. No significant fiscal implication to the state is expected overall.