Texas Senate Bill SB1662

Texas 2013 - 83rd Regular

Caption

Relating to expedited binding arbitration of appraisal review board orders.

Impact

The implementation of SB1662 is designed to provide a more efficient means for property owners to resolve disputes concerning appraisal review board orders. By facilitating expedited arbitration, the legislation aims to reduce the time and complexity typically involved in property tax appeals. This change is expected to benefit property owners who may find traditional appeal processes lengthy and burdensome, thus improving their overall experience and engagement with the taxation system.

Summary

Senate Bill 1662 addresses the process of appealing orders from appraisal review boards in Texas by introducing expedited binding arbitration. The bill particularly aims to amend Section 41A.03 of the Texas Tax Code, outlining the requirements for property owners to request binding arbitration after receiving an appraisal review board order. Specifically, it establishes a 45-day timeframe for property owners to file a completed request along with a deposit, set at either $500 or $250 for expedited requests, thereby streamlining the appeal process for property tax disputes.

Contention

Despite its intended benefits, the bill may face contention from various stakeholders. Critics could express concerns over the potential costs associated with the arbitration process, particularly for property owners who might struggle with the deposit requirements. Furthermore, there may be apprehension regarding the effectiveness of expedited arbitration in ensuring fair outcomes. As a significant alteration to how property tax appeals are handled, there could be debates about the adequacy of protections for property owner rights within the new framework established by SB1662.