Relating to the authority of an appraisal review board to direct changes in the appraisal roll and related appraisal records if a residence homestead is sold for less than the appraised value.

HB 4399 allows Texas appraisal review boards to adjust property tax values for homestead residences when sold below appraised value. If a homeowner sells their primary residence for at least 10% less than its appraised value and the board confirms the sale price reflects market value, the board can reduce the property's tax value for the current year and the previous two years. This directly affects homeowners who sell their qualifying homesteads below appraisal, providing a mechanism to correct tax assessments based on actual sale prices. The bill modifies existing tax code procedures to enable this adjustment through written board orders and hearing processes.