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Senate Bill 1255 |
Senate Author: Patrick |
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Effective: 6-14-13 |
House Sponsor: Murphy |
Senate Bill 1255 amends the Tax Code to include an appraisal review board order determining a protest of an unequal appraisal of a property owner's property among the orders a property owner is entitled to appeal through binding arbitration if the property qualifies as the owner's residence homestead or the appraised or market value, as applicable, of the property as determined by the order is $1 million or less. The bill requires an arbitrator, before conducting a hearing on an arbitration relating to the appeal of such an order, to complete a training program on property tax law and requires the training program to emphasize the requirements regarding the equal and uniform appraisal of property, to be at least four hours in length, and to be approved by the comptroller of public accounts.