Tex.
Tax Code Section 41A.06
Registry and Qualification of Arbitrators
(a)
The comptroller shall maintain a registry listing the qualified persons who have agreed to serve as arbitrators under this chapter.(b)
To initially qualify to serve as an arbitrator under this chapter, a person must:(1)
meet the following requirements, as applicable:(A)
be licensed as an attorney in this state; or(B)
have:(i)
completed at least 30 hours of training in arbitration and alternative dispute resolution procedures from a university, college, or legal or real estate trade association; and(ii)
been licensed or certified continuously during the five years preceding the date the person agrees to serve as an arbitrator as:(a)
a real estate broker or sales agent under Chapter 1101 (Real Estate Brokers and Sales Agents), Occupations Code;(b)
a real estate appraiser under Chapter 1103 (Real Estate Appraisers), Occupations Code; or(c)
a certified public accountant under Chapter 901 (Accountants), Occupations Code;(2)
complete the courses for training and education of appraisal review board members established under Sections 5.041 (Training of Appraisal Review Board Members)(a) and (e-1) and be issued a certificate for each course indicating course completion;(3)
complete the training program on property tax law for the training and education of arbitrators established under Section 5.043 (Training of Arbitrators); and(4)
agree to conduct an arbitration for a fee that is not more than:(A)
$400, if the property qualifies as the owner’s residence homestead under Section 11.13 (Residence Homestead) and the appraised or market value, as applicable, of the property is $500,000 or less, as determined by the order;(B)
$450, if the property qualifies as the owner’s residence homestead under Section 11.13 (Residence Homestead) and the appraised or market value, as applicable, of the property is more than $500,000, as determined by the order;(C)
$450, if the property does not qualify as the owner’s residence homestead under Section 11.13 (Residence Homestead) and the appraised or market value, as applicable, of the property is $1 million or less, as determined by the order;(D)
$750, if the property does not qualify as the owner’s residence homestead under Section 11.13 (Residence Homestead) and the appraised or market value, as applicable, of the property is more than $1 million but not more than $2 million, as determined by the order;(E)
$1,000, if the property does not qualify as the owner’s residence homestead under Section 11.13 (Residence Homestead) and the appraised or market value, as applicable, of the property is more than $2 million but not more than $3 million, as determined by the order; or(F)
$1,500, if the property does not qualify as the owner’s residence homestead under Section 11.13 (Residence Homestead) and the appraised or market value, as applicable, of the property is more than $3 million but not more than $5 million, as determined by the order.(c)
Repealed by Acts 2019, 86th Leg., R.S., Ch. 944 (S.B. 2), Sec. 91(4), eff. January 1, 2020.
Source:
Section 41A.06 — Registry and Qualification of Arbitrators, https://statutes.capitol.texas.gov/Docs/TX/htm/TX.41A.htm#41A.06 (accessed May 25, 2024).
