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House Bill 3024 |
House Author: Frost |
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Effective: 9-1-07 |
Senate Sponsor: Eltife et al. |
House Bill 3024 amends the Tax Code to provide that an appraisal district has the burden of establishing the value of a property by clear and convincing evidence in certain property tax protest cases for which the property owner has filed an independent appraisal supporting the value of the property as asserted by the owner. The bill prescribes conditions that must be satisfied for the independent appraisal to be valid. House Bill 3024 also makes it a Class B misdemeanor offense for a person who has a contingency interest in the outcome of an appraisal review board hearing to file a fraudulent appraisal.