The property of a corporation created under Section 152.051 is not exempt from taxes or special assessments imposed by this state or a municipality or other political subdivision of this state.
Tex. Water Code § 152.055
LIABILITY OF CORPORATE PROPERTY FOR TAXES AND SPECIAL ASSESSMENTS
Added by Acts 1999, 76th Leg., ch. 227, Sec. 26, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.