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.