Texas Senate Bill SB2061

Texas 2017 - 85th Regular

Caption

Relating to the correction of an ad valorem tax appraisal roll.

Impact

The bill modifies existing provisions in the Texas Tax Code by introducing a late-correction penalty of 10 percent based on the newly corrected value. This penalty aims to deter frivolous corrections while still providing a pathway for legitimate discrepancies to be rectified. The bill's enactment specifically applies to motions filed after the law's effective date, preserving the legal framework for previous filings under the prior law.

Summary

SB2061 addresses the correction of ad valorem tax appraisal rolls, enabling property owners or chief appraisers to file motions for correction prior to the delinquency of taxes. Specifically, it allows these corrections only if the originally appraised value exceeds either the market value of the property or the median appraised value of comparable properties adjusted in a manner defined by the law. This ensures that improper appraisals can be amended, thus promoting equity in property tax assessments.

Contention

Notable points of contention surrounding SB2061 might arise from its impact on property owners who may face financial implications due to late-correction penalties. Critics may argue that such penalties could disproportionately burden those who genuinely seek to correct appraised values, particularly lower-income property owners. Further discussions may focus on ensuring that appraisal practices remain transparent and just, providing adequate recourse for individuals affected by errors in the assessment process.