Relating to a requirement that an appraisal review board rely on an appraisal of residential real property prepared by an appraiser and submitted to the board by the property owner to determine a protest regarding the value of the property.

HB 329 requires appraisal review boards to use an appraisal of residential property prepared by a licensed appraiser and submitted by the property owner when reviewing a protest about the property's assessed value for tax purposes. This bill directly affects homeowners challenging their property tax assessments and the appraisal review boards that handle these disputes. The key provision mandates that the board must rely solely on the owner's submitted appraisal rather than conducting its own evaluation or using other appraisal methods. This change would standardize the process for residential property value protests in tax assessment disputes.