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
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 |
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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. |