Honorable Dennis Bonnen, Chair, House Committee on Ways & Means
FROM:
Ursula Parks, Director, Legislative Budget Board
IN RE:
HB804 by Dale (Relating to the duty of a property owner to send a lessee of the property who is required to pay the ad valorem taxes on the property a copy of any notice of appraised value received by the property owner.), As Introduced
No fiscal implication to the State is anticipated.
The bill would amend Chapter 41 of the Tax Code, regarding local appraisal review, to require a property owner to send a copy of the notice of appraised value to a person who is leasing property and is contractually obligated to reimburse the property owner for the taxes (rather than to any person who is leasing the property). The property owner would be required to send the copy not later than the 10th day after receiving the notice. A person authorized to protest an appraised value determination as a result of a contractual obligation to pay the property taxes on the person's leased property would be entitled to file a notice of protest not later than the 30th day after the date the notice is otherwise due if the property owner does not comply with the requirements regarding sending a copy of the notice of appraised value to a lessee.
The bill clarifies the law regarding protests by persons with a contractual obligation to pay the property taxes on leased property, establishes deadlines, and strikes an unnecessary notice requirement but would not affect taxable property values, tax rates, collection rates, or any other variable which might affect the revenues of units of local governments or the state.
The bill would take effect on September 1, 2017.
Local Government Impact
No fiscal implication to units of local government is anticipated.