LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 76th Regular Session March 30, 1999 TO: Honorable Frank Madla, Chair, Senate Committee on Intergovernmental Relations FROM: John Keel, Director, Legislative Budget Board IN RE: SB 1401 by Nixon, Drew (Relating to the determination of an ad valorem tax protest based on inequality of appraisal.), As Introduced ************************************************************************** * No significant fiscal implication to the State is anticipated. * ************************************************************************** The bill would amend Section 41.43 of the Tax Code to add a new Subsection (d) concerning taxpayer remedies for unequal appraisal. The bill would provide that a protest before an appraisal review board (ARB) on the grounds of unequal appraisal of property would be determined in favor of the protesting party unless the appraisal district established that the appraised value of the property did not exceed the median appraised value of a reasonable number of comparable properties appropriately adjusted. No significant fiscal implication to the State is anticipated. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies: LBB Staff: JK, TL, BR