What requirement is necessary for a property owner to correct an appraisal error in Texas?

In Texas, to correct an appraisal error, it's essential for the property owner to demonstrate that the appraisal exceeds the correct appraised value by a specific threshold, which is one-third. This requirement is based on ensuring that the error is significant enough to warrant correction. It emphasizes the need for a substantial discrepancy for the claim to be considered valid, giving a clear standard for property owners and appraisal districts to follow.

This threshold protects against minor discrepancies that may not impact property taxes significantly, ensuring that the process focuses on substantive errors. Addressing more minor inaccuracies does not require the same level of formality or substantial evidence of overvaluation. Thus, confirming that the appraisal exceeds the correct value by one-third is fundamental to initiating the correction process in Texas.