Determination of Value

Sec. 401.059. DETERMINATION OF VALUE. In determining the value or market value of an investment in or on real estate or an improvement to real estate by a carrier authorized to engage in business in this state, the department, in administering this code, may consider any factor or matter that the department considers proper and material, including: (1) an appraisal by a real estate board or other qualified person; (2) an affidavit by another person familiar with those values; (3) a tax valuation; (4) the cost of acquisition after deducting for depreciation and obsolescence; (5) the cost of replacement; (6) sales of other comparable property; (7) enhancement in value from any cause; (8) income received or to be received; and (9) any improvements made. Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.