| Issue Date: | 2005-09-01 |
|---|---|
| Revised Date: | 2019-03-05 |
Legal Citations
- Tax Code ch. 41a
Origin:
2005 by S.B. 1351, S.B. 1605, H.B. 182, 79th Leg., R.S.
Purpose
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 $3 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 based on the property's appraised market value. The deposit is either $450, $500, $800, $1,050 or $1,550. 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.
| Classification | Group 08: Trust Funds [?] |
|---|---|
| Depository Interest | Credited to General Revenue Fund (0001) |
| Disposition of Balance | Accumulative |
| Appropriation Technique | Not appropriated for state expenditure |
Administering Agencies
Financial Activity
To view this appropriated fund's current revenue and expenditure activity by agency or comptroller object code, visit the following links:
Note
Property value and deposit increased by S.B. 849, 84th Leg., R.S.
USAS Values
| USAS Title | BINDING ARBITRATION TRUST FUND |
|---|---|
| Consolidated Fund | |
| State Fund Group | 08 - TRUST FUNDS |
| USAS Status | A |