|
Senate Bill 849 |
Senate Author: Bettencourt |
|
Effective: 9-1-15 |
House Sponsor: Elkins |
Senate Bill 849 amends the Tax Code to increase the maximum appraised or market value of property that triggers a property owner's entitlement to appeal through binding arbitration an appraisal review board order determining a protest concerning the appraised or market value of the property. The bill changes both the required arbitration deposit for such an appeal and the cap on the fee for which a qualified arbitrator conducts an arbitration from a set amount to staggered amounts based on the value and residence homestead status of the property under appeal.