Can the Appraisal District request additional information?
* Yes. The Chief Appraiser may request a statement of supporting information indicating how the property owner determined the value rendered. The statement must summarize information reported and the effective date the property was appraised. If the owner provided a “good faith” value estimate, the statement must summarize the physical and economic characteristics relevant to the owner’s determination of value. If the business owner has 50 employees or fewer, the owner may base the estimate on depreciation schedules used for federal income tax purposes. The owner must deliver the statement (in writing or electronically) with 21 days of the request. * The statement is inadmissible in administrative or judicial proceedings, except to: • Determine compliance with this section • Find whether there was an effort to evade taxes • Determine if documents were falsified • Decide the owner’s protest before the Appraisal Review Board.
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- Can the Appraisal District request additional information?
