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Relating to the calculation of penalties and interest resulting
from the final determination of an ad valorem tax appeal that
changes a property owner’s tax liability.
No fiscal implication to the State is anticipated.
This bill relates to the way penalties and interest are applied following a property owner's appeal of the appraised value of their home for property tax calculation purposes.
HB 861 would stipulate that a person who files a protest of an appraisal and pays a portion of the tax due (but less than the total amount based on the contested appraisal), and who does not prevail in their appeal, is only required to pay penalties and interest on the additional tax if the additional tax is not paid by the delinquency date.
Texas Action supports HB 861 for promoting the principles of limited government, property rights, and individual liberty by not allowing penalties and interest to accrue during the time period when the assessed value of a property is being contested.