| Vote Recommendation | Economic Freedom | Property Rights | Personal Responsibility | Limited Government | Individual Liberty |
|---|---|---|---|---|---|
| Yes | Neutral | Positive | Neutral | Positive | Neutral |
Relating to an appeal through binding arbitration of an appraisal review board order determining a protest concerning a residence homestead for which the property owner has elected to defer the collection of ad valorem taxes.
Passage of the bill would provide that in the case of binding arbitration, property owners deferring taxes under Section 33.06 or 33.065 on a property subject to the appeal are not required to pay taxes on the value not in dispute. This could result in more property owners who have elected to defer the collection of taxes on the property under Section 33.06 or 33.065 electing to appeal an appraisal board determination. As a result, taxable property values could be reduced and the related costs to the Foundation School Fund could be increased through the operation of the school finance formulas.
SB 1854 provides that in the case of a binding arbitration, qualified property owners deferring taxes (under Section 33.06 and Section 33.065, Tax Code) on a property subject to the appeal are not required to pay taxes on the value not in the dispute. The bill further stipulates that taxes are not considered delinquent on property subject to an appeal if the property owner has elected to defer the collection of taxes on the property and the deferral is still in effect.
Taxes should not be considered delinquent on property subject to an appeal if the property owner has decided to defer the collection of the taxes and if the deferral is still in effect. SB 1854 would promote limited government and property rights.
Texas Action supports SB 1854.