Relating to the correction of an ad valorem tax appraisal roll and related appraisal records.
The bill's provisions aim to streamline the process for correcting appraisal errors, ensuring that property owners have a clearer pathway to address inaccuracies. By formalizing the process through which property owners can request corrections, HB4355 strengthens transparency and fairness in property tax assessments. However, it also sets limitations on when corrections can be made, which could impact property owners who may miss deadlines or fail to submit necessary documentation in a timely manner.
House Bill 4355 proposes amendments to the Tax Code of Texas regarding the correction of ad valorem tax appraisal rolls. It allows the appraisal review board, upon motion from either the chief appraiser or a property owner, to direct changes to the appraisal roll for inaccuracies in the assessed values of tangible personal property. These corrections can apply to the current tax year and the two preceding years, but with specific conditions that limit when such changes can be made.
Additional contention arises around the administrative burden on the appraisal review board and property owners, as the bill mandates specific step-by-step procedures for hearings and determinations. Opponents of the bill might argue that these procedures could still leave some property owners in difficult positions, especially those unfamiliar with the legislative intricacies.