Bill Text: TX SB1255 | 2013-2014 | 83rd Legislature | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Relating to binding arbitration of an appraisal review board order determining a protest of an unequal appraisal of the owner's property.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Passed) 2013-06-14 - Effective immediately [SB1255 Detail]

Download: Texas-2013-SB1255-Introduced.html
  83R8246 CJC-F
 
  By: Patrick S.B. No. 1255
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to binding arbitration of an appraisal review board order
  determining a protest of an unequal appraisal of the owner's
  property.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 41A.01, Tax Code, is amended to read as
  follows:
         Sec. 41A.01.  RIGHT OF APPEAL BY PROPERTY OWNER. As an
  alternative to filing an appeal under Section 42.01, a property
  owner is entitled to appeal through binding arbitration under this
  chapter an appraisal review board order determining a protest filed
  under Section 41.41(a)(1) or (2) concerning the appraised or market
  value of property if:
               (1)  the property qualifies as the owner's residence
  homestead under Section 11.13; or
               (2)  the appraised or market value, as applicable, of
  the property as determined by the order is $1 million or less.
         SECTION 2.  This Act takes effect immediately if it receives
  a vote of two-thirds of all the members elected to each house, as
  provided by Section 39, Article III, Texas Constitution.  If this
  Act does not receive the vote necessary for immediate effect, this
  Act takes effect September 1, 2013.
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