LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION May 4, 2011 TO: Honorable Royce West, Chair, Senate Committee on Intergovernmental Relations FROM: John S O'Brien, Director, Legislative Budget Board IN RE:SB1441 by Ellis (Relating to the correction of an ad valorem tax appraisal roll.), As Introduced No fiscal implication to the State is anticipated. The bill would amend Section 25.25(c) of the Tax Code, regarding property taxation, to allow the Appraisal Review Board, on motion of a chief appraiser or a property owner, to make changes in the appraisal roll for any of the five preceding years to correct an error in which property is shown as owned by a person who did not own the property on January 1 of that tax year. The bill would streamline ownership corrections but would not change taxable values, tax rates, exemptions or any other variable affecting tax levies. Consequently, there would be no fiscal impact on the state or units of local government. The bill would take effect on September 1, 2011. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies: LBB Staff: JOB, KKR, SD, SJS
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION
May 4, 2011
TO: Honorable Royce West, Chair, Senate Committee on Intergovernmental Relations FROM: John S O'Brien, Director, Legislative Budget Board IN RE:SB1441 by Ellis (Relating to the correction of an ad valorem tax appraisal roll.), As Introduced
TO: Honorable Royce West, Chair, Senate Committee on Intergovernmental Relations
FROM: John S O'Brien, Director, Legislative Budget Board
IN RE: SB1441 by Ellis (Relating to the correction of an ad valorem tax appraisal roll.), As Introduced
Honorable Royce West, Chair, Senate Committee on Intergovernmental Relations
Honorable Royce West, Chair, Senate Committee on Intergovernmental Relations
John S O'Brien, Director, Legislative Budget Board
John S O'Brien, Director, Legislative Budget Board
SB1441 by Ellis (Relating to the correction of an ad valorem tax appraisal roll.), As Introduced
SB1441 by Ellis (Relating to the correction of an ad valorem tax appraisal roll.), As Introduced
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would amend Section 25.25(c) of the Tax Code, regarding property taxation, to allow the Appraisal Review Board, on motion of a chief appraiser or a property owner, to make changes in the appraisal roll for any of the five preceding years to correct an error in which property is shown as owned by a person who did not own the property on January 1 of that tax year. The bill would streamline ownership corrections but would not change taxable values, tax rates, exemptions or any other variable affecting tax levies. Consequently, there would be no fiscal impact on the state or units of local government. The bill would take effect on September 1, 2011.
The bill would amend Section 25.25(c) of the Tax Code, regarding property taxation, to allow the Appraisal Review Board, on motion of a chief appraiser or a property owner, to make changes in the appraisal roll for any of the five preceding years to correct an error in which property is shown as owned by a person who did not own the property on January 1 of that tax year.
The bill would streamline ownership corrections but would not change taxable values, tax rates, exemptions or any other variable affecting tax levies. Consequently, there would be no fiscal impact on the state or units of local government.
The bill would take effect on September 1, 2011.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies:
LBB Staff: JOB, KKR, SD, SJS
JOB, KKR, SD, SJS