| 1 | 1 | | 86R5940 JES-F |
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| 2 | 2 | | By: Hancock, Bettencourt S.B. No. 1429 |
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| 3 | 3 | | |
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| 4 | 4 | | |
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| 5 | 5 | | A BILL TO BE ENTITLED |
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| 6 | 6 | | AN ACT |
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| 7 | 7 | | relating to the deadline for filing a request for binding |
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| 8 | 8 | | arbitration of certain appraisal review board orders. |
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| 9 | 9 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 10 | 10 | | SECTION 1. Section 41A.03(a), Tax Code, is amended to read |
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| 11 | 11 | | as follows: |
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| 12 | 12 | | (a) To appeal an appraisal review board order under this |
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| 13 | 13 | | chapter, a property owner must file with the appraisal district not |
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| 14 | 14 | | later than the 60th [45th] day after the date the property owner |
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| 15 | 15 | | receives notice of the order: |
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| 16 | 16 | | (1) a completed request for binding arbitration under |
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| 17 | 17 | | this chapter in the form prescribed by Section 41A.04; and |
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| 18 | 18 | | (2) an arbitration deposit made payable to the |
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| 19 | 19 | | comptroller in the amount of: |
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| 20 | 20 | | (A) $450, if the property qualifies as the |
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| 21 | 21 | | owner's residence homestead under Section 11.13 and the appraised |
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| 22 | 22 | | or market value, as applicable, of the property is $500,000 or less, |
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| 23 | 23 | | as determined by the order; |
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| 24 | 24 | | (B) $500, if the property qualifies as the |
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| 25 | 25 | | owner's residence homestead under Section 11.13 and the appraised |
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| 26 | 26 | | or market value, as applicable, of the property is more than |
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| 27 | 27 | | $500,000, as determined by the order; |
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| 28 | 28 | | (C) $500, if the property does not qualify as the |
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| 29 | 29 | | owner's residence homestead under Section 11.13 and the appraised |
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| 30 | 30 | | or market value, as applicable, of the property is $1 million or |
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| 31 | 31 | | less, as determined by the order; |
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| 32 | 32 | | (D) $800, if the property does not qualify as the |
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| 33 | 33 | | owner's residence homestead under Section 11.13 and the appraised |
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| 34 | 34 | | or market value, as applicable, of the property is more than $1 |
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| 35 | 35 | | million but not more than $2 million, as determined by the order; |
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| 36 | 36 | | (E) $1,050, if the property does not qualify as |
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| 37 | 37 | | the owner's residence homestead under Section 11.13 and the |
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| 38 | 38 | | appraised or market value, as applicable, of the property is more |
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| 39 | 39 | | than $2 million but not more than $3 million, as determined by the |
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| 40 | 40 | | order; or |
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| 41 | 41 | | (F) $1,550, if the property does not qualify as |
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| 42 | 42 | | the owner's residence homestead under Section 11.13 and the |
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| 43 | 43 | | appraised or market value, as applicable, of the property is more |
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| 44 | 44 | | than $3 million but not more than $5 million, as determined by the |
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| 45 | 45 | | order. |
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| 46 | 46 | | SECTION 2. This Act applies only to an appeal of an |
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| 47 | 47 | | appraisal review board order that a property owner receives notice |
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| 48 | 48 | | of on or after the effective date of this Act. An appeal of an |
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| 49 | 49 | | appraisal review board order that a property owner receives notice |
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| 50 | 50 | | of before the effective date of this Act is governed by the law in |
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| 51 | 51 | | effect immediately before the effective date of this Act, and that |
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| 52 | 52 | | law is continued in effect for that purpose. |
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| 53 | 53 | | SECTION 3. This Act takes effect immediately if it receives |
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| 54 | 54 | | a vote of two-thirds of all the members elected to each house, as |
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| 55 | 55 | | provided by Section 39, Article III, Texas Constitution. If this |
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| 56 | 56 | | Act does not receive the vote necessary for immediate effect, this |
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| 57 | 57 | | Act takes effect September 1, 2019. |
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