REASSESSMENT.
Tex. GOV'T Code § 1471.058.
in effect(a) A road district may make a new assessment of property assessed under this subchapter if an assessment of the property is:
(1) set aside by a court;
(2) found excessive by the district; or
(3) determined invalid by the district.
(b) A district may reassess property if:
(1) at the time the bonds or certificates are issued under this subchapter, the property is exempt from taxation under Subchapter B , Chapter 11 , Tax Code, or appraised under Subchapter C, D, or E, Chapter 23 , Tax Code; and
(2) the property subsequently loses its exemption or is not eligible for appraisal under Subchapter C, D, or E, Chapter 23 , Tax Code.
(c) A district may make a supplemental assessment to correct an omission or mistake in an assessment.
(d) Before making an assessment under Subsection (b) or (c), a district must give notice and conduct a hearing in the manner required for an original assessment.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.