A property owner may appeal through binding arbitration under the chapter if an appraisal review board order determining a protest if the value of the property is $1 million or less and the appeal doesn't involve any other matter in dispute. The property owner must file with the appraisal district and pay an arbitration deposit of $500. Depending on determination of the appeal, comptroller shall refund the deposit to the property owner or pay the arbitrator from the deposit, retain administrative costs and return the difference to the property owner.