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 57 requires Texas property tax appraisal review boards to accept and rely on residential property owners' submitted appraisals when challenging tax assessments. Specifically, if a homeowner provides a certified appraisal (prepared within 180 days before the hearing, from an appraiser not affiliated with tax consultants) at least 14 days before the hearing, the board must rule in the owner's favor and adjust the property's assessed value accordingly. This applies only to residential properties and new protests filed after the bill takes effect. The law also adds penalties for fraudulent appraisals filed with the board.