By: Davis of Dallas H.B. No. 4363
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to incorrect or unequal appraised value of a property.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Sections 25.25(d) and (h), Tax Code are amended
  to read as follows:
         (d)  At any time prior to the date the taxes become
  delinquent, a property owner or the chief appraiser may file a
  motion with the appraisal review board to change the appraisal roll
  to correct an error that resulted in an incorrect or unequal 
  appraised value for the owner's property.  However, the error may
  not be corrected unless it resulted in an appraised value that
  exceeds by more than one-third the correct appraised value.  If the
  appraisal roll is changed under this subsection, the property owner
  must pay to each affected taxing unit a late-correction penalty
  equal to 10 percent of the amount of taxes as calculated on the
  basis of the corrected appraised value.  Payment of the
  late-correction penalty is secured by the lien that attaches to the
  property under Section 32.01 and is subject to enforced collection
  under Chapter 33. The roll may not be changed under this subsection
  if:
               (1)  the property was the subject of a protest brought
  by the property owner under Chapter 41, a hearing on the protest was
  conducted in which the property owner offered evidence or argument,
  and the appraisal review board made a determination of the protest
  on the merits; or
               (2)  the appraised value of the property was
  established as a result of a written agreement between the property
  owner or the owner's agent and the appraisal district.
         (h)  The appraisal review board, on the joint motion of the
  property owner and the chief appraiser filed at any time prior to
  the date the taxes become delinquent, shall by written order
  correct an error that resulted in an incorrect or unequal appraised
  value for the owner's property.
         SECTION 2.  This Act takes effect September 1, 2009.