Texas Property Tax Consultant Practice Exam

In what situation is the chief appraiser not required to send a notice of appraised value?

1. If the value increase is less than $1,000

2. If the value increase is less than $10,000

3. If the value increase is less than $5,000

4. If the value increase is less than $20,000

The correct answer is: If the value increase is less than $1,000

The chief appraiser is not required to send a notice of appraised value when the increase in value is less than $1,000. This provision is established to reduce the administrative burden and costs that would arise from sending notices for minor increases that may not significantly impact the taxpayer's overall financial obligation. In Texas, property tax law specifies thresholds for when notifications must be issued to property owners about changes in appraised value. If the increase falls below this threshold, it is deemed that the information does not warrant a formal notification, as it is unlikely to affect the taxpayer's decision-making or planning regarding their property taxes. This helps streamline the appraisal process and focuses resources on more substantial changes in property values that could influence tax liabilities.