LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION April 8, 2013 TO: Honorable Tommy Williams, Chair, Senate Committee on Finance FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB1255 by Patrick (relating to binding arbitration of an appraisal review board order determining a protest of an unequal appraisal of the owner's property.), Committee Report 1st House, Substituted No fiscal implication to the State is anticipated. The bill would amend Section 41A.01 of the Tax Code, to entitle certain property owners to binding arbitration on an appraisal review board order as an alternative to a district court appeal in instances in which the grounds of the protest is unequal appraisal. Current law allows binding arbitration only if the grounds of the protest is the property's appraised value. The bill would amend Section 41A.06 of the Tax Code, to provide that an arbitrator must complete a training program on property tax law before conducting a hearing on an arbitration in which the grounds of the protest is unequal appraisal. The training program must emphasize the requirements regarding the equal and uniform appraisal of property, be at least four hours in length, and be approved by the Comptroller. The bill 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. This bill would take effect immediately upon enactment, assuming that it received the requisite two-thirds majority votes in both houses of the Legislature. Otherwise, it would take effect September 1, 2013. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:304 Comptroller of Public Accounts LBB Staff: UP, KK, SD, SJS
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION
April 8, 2013
TO: Honorable Tommy Williams, Chair, Senate Committee on Finance FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB1255 by Patrick (relating to binding arbitration of an appraisal review board order determining a protest of an unequal appraisal of the owner's property.), Committee Report 1st House, Substituted
TO: Honorable Tommy Williams, Chair, Senate Committee on Finance
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: SB1255 by Patrick (relating to binding arbitration of an appraisal review board order determining a protest of an unequal appraisal of the owner's property.), Committee Report 1st House, Substituted
Honorable Tommy Williams, Chair, Senate Committee on Finance
Honorable Tommy Williams, Chair, Senate Committee on Finance
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
SB1255 by Patrick (relating to binding arbitration of an appraisal review board order determining a protest of an unequal appraisal of the owner's property.), Committee Report 1st House, Substituted
SB1255 by Patrick (relating to binding arbitration of an appraisal review board order determining a protest of an unequal appraisal of the owner's property.), Committee Report 1st House, Substituted
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would amend Section 41A.01 of the Tax Code, to entitle certain property owners to binding arbitration on an appraisal review board order as an alternative to a district court appeal in instances in which the grounds of the protest is unequal appraisal. Current law allows binding arbitration only if the grounds of the protest is the property's appraised value. The bill would amend Section 41A.06 of the Tax Code, to provide that an arbitrator must complete a training program on property tax law before conducting a hearing on an arbitration in which the grounds of the protest is unequal appraisal. The training program must emphasize the requirements regarding the equal and uniform appraisal of property, be at least four hours in length, and be approved by the Comptroller. The bill 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. This bill would take effect immediately upon enactment, assuming that it received the requisite two-thirds majority votes in both houses of the Legislature. Otherwise, it would take effect September 1, 2013.
The bill would amend Section 41A.01 of the Tax Code, to entitle certain property owners to binding arbitration on an appraisal review board order as an alternative to a district court appeal in instances in which the grounds of the protest is unequal appraisal. Current law allows binding arbitration only if the grounds of the protest is the property's appraised value.
The bill would amend Section 41A.06 of the Tax Code, to provide that an arbitrator must complete a training program on property tax law before conducting a hearing on an arbitration in which the grounds of the protest is unequal appraisal. The training program must emphasize the requirements regarding the equal and uniform appraisal of property, be at least four hours in length, and be approved by the Comptroller. The bill 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.
This bill would take effect immediately upon enactment, assuming that it received the requisite two-thirds majority votes in both houses of the Legislature. Otherwise, it would take effect September 1, 2013.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: 304 Comptroller of Public Accounts
304 Comptroller of Public Accounts
LBB Staff: UP, KK, SD, SJS
UP, KK, SD, SJS