LEGISLATIVE BUDGET BOARD
Austin, Texas
 
FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION
 
April 6, 2015

TO:
Honorable Jane Nelson, Chair, Senate Committee on Finance
 
FROM:
Ursula Parks, Director, Legislative Budget Board
 
IN RE:
SB281 by Watson (Relating to the information required to be included in an affidavit submitted by a property owner who elects to offer evidence or argument by affidavit in an appraisal review board hearing on certain protests.), As Introduced

No significant fiscal implication to the State is anticipated.

The bill would amend Chapter 41 of the Tax Code, regarding local review of property tax appraisals, to require a property owner who submits an affidavit containing evidence or argument in a protest hearing to state in the affidavit the owner's opinion of the property's appraised or market value that is subject of the protest, and attach evidence that supports that opinion.

The bill's requirement for property owners who protest their property values by submitting an affidavit to an appraisal review board, rather than appearing in person, to include their opinion of the property value along with supporting evidence would make no significant difference in the amount of value reductions granted by appraisal review boards. Consequently, the bill would create no significant gain or loss in property tax revenue to local taxing units, or to the state through the operation of the school funding formulas.
 
The bill takes effect September 1, 2015.

Local Government Impact

No significant fiscal implication to units of local government is anticipated.


Source Agencies:
304 Comptroller of Public Accounts
LBB Staff:
UP, KK, SD, SJS