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A BILL TO BE ENTITLED
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AN ACT
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relating to binding arbitration of an appraisal review board order |
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determining a protest of an unequal appraisal of the owner's |
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property. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 41A.01, Tax Code, is amended to read as |
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follows: |
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Sec. 41A.01. RIGHT OF APPEAL BY PROPERTY OWNER. As an |
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alternative to filing an appeal under Section 42.01, a property |
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owner is entitled to appeal through binding arbitration under this |
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chapter an appraisal review board order determining a protest filed |
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under Section 41.41(a)(1) or (2) concerning the appraised or market |
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value of property if: |
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(1) the property qualifies as the owner's residence |
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homestead under Section 11.13; or |
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(2) the appraised or market value, as applicable, of |
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the property as determined by the order is $1 million or less. |
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SECTION 2. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2013. |