Bill Text: TX HB4263 | 2023-2024 | 88th Legislature | Introduced
Bill Title: Relating to the waiver under certain circumstances of the late-correction penalty if an appraisal roll is changed as a result of the filing of a motion with the appraisal review board to correct an error that resulted in an incorrect appraised value for an owner's property.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2023-03-21 - Referred to Ways & Means [HB4263 Detail]
Download: Texas-2023-HB4263-Introduced.html
88R4397 MLH-D | ||
By: Cook | H.B. No. 4263 |
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relating to the waiver under certain circumstances of the | ||
late-correction penalty if an appraisal roll is changed as a result | ||
of the filing of a motion with the appraisal review board to correct | ||
an error that resulted in an incorrect appraised value for an | ||
owner's property. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 25.25, Tax Code, is amended by amending | ||
Subsection (d-1) and adding Subsection (d-2) to read as follows: | ||
(d-1) If the appraisal roll is changed under Subsection (d), | ||
the property owner must pay to each affected taxing unit a | ||
late-correction penalty equal to 10 percent of the amount of taxes | ||
as calculated on the basis of the corrected appraised value. | ||
Payment of the late-correction penalty is secured by the lien that | ||
attaches to the property under Section 32.01 and is subject to | ||
enforced collection under Chapter 33. The penalty imposed under | ||
this subsection does not apply if the property that is the subject | ||
of the motion filed under Subsection (d) was under construction on | ||
January 1 and the error that resulted in an incorrect appraised | ||
value for the property was a result of the chief appraiser: | ||
(1) appraising the property as though construction was | ||
complete on that date; or | ||
(2) inaccurately determining the percentage by which | ||
construction of the property was complete on that date. | ||
(d-2) An appraisal [ |
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Subsection (d) if: | ||
(1) the property was the subject of a protest brought | ||
by the property owner under Chapter 41, a hearing on the protest was | ||
conducted in which the property owner offered evidence or argument, | ||
and the appraisal review board made a determination of the protest | ||
on the merits; or | ||
(2) the appraised value of the property was | ||
established as a result of a written agreement between the property | ||
owner or the owner's agent and the appraisal district. | ||
SECTION 2. The change in law made by this Act applies only | ||
to a late-correction penalty that relates to a motion filed under | ||
Section 25.25(d), Tax Code, on or after the effective date of this | ||
Act. A late-correction penalty that relates to a motion filed under | ||
Section 25.25(d), Tax Code, before the effective date of this Act is | ||
governed by the law in effect when the motion was filed, and the | ||
former law is continued in effect for that purpose. | ||
SECTION 3. This Act takes effect September 1, 2023. |