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19 paź 2018 · Texas, market value is defined as “the price which the property would bring when it is offered for sale by one who desires, but is not obliged to sell, and is bought by one who is under no necessity of buying it.”
This Student Article is brought to you for free and open access by Texas A&M Law Scholarship. It has been accepted for inclusion in Texas A&M Journal of Property Law by an authorized editor of Texas A&M Law
The Texas A&M Journal of Property Law is a scholarly publication dedicated to promoting academic discussions of property law. The journal explores the relationships arising from ownership, possession and use of property.
The Texas Law Review publishes seven issues throughout the year beginning each November. Each issue contains contemporary and compelling articles, essays, commentaries, and book reviews from leading legal scholars. In addition, the Review includes student notes on current legal issues.
Texas Law Review is an independent journal, edited and published entirely by students at the University of Texas School of Law. Our seven issues per year contain articles by professors, judges, and practitioners; reviews of important recent books from recognized experts, essays, commentaries; and student written notes.
This Article focuses on a similar codification of commercial reality to override property law: the UCC’s allocation of the risk of loss to goods in transit. The general rule, provided by UCC § 2-509, is that the risk of loss is borne by the party who “control[s] the goods and can be expected to insure his interest in them,”
The Texas Legislature has passed laws specifying specific formulas for calculating taxable value for various kinds of property. Article VIII, Section 1-d of the Constitution requires that qualifying agricultural land be appraised at its productivity value.
