Sec. 1471.058. REASSESSMENT. (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.
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