Value Adjustment Board Process

State Senator Frank Artiles and State Representative Bryan Avila filed SB-226 to continue to strengthen property owners’ rights and continue to promote efficiency and integrity in the Value Adjustment Board Process.
“After successfully passing legislation last Session to improve the efficiency of the Value Adjustment Board, I wish to continue my work to make sure we have the most efficient process in place” said Representative Avila.
The bill seeks to increase from $500 to $5000 of value the longstanding property tax exemption for widows, widowers, blind or totally disabled persons. It would also allow Property Appraisers to waive penalties and interest on homestead exemption and senior exemption liens only when good cause is shown in circumstances where there was no intent to illegally avoid the payment of taxes. Another great component of the bill is that it would empower condominium owners to affirmatively decide whether they want to appeal their assessment to the Value Adjustment Board.