ARBITRATION  STATEMENT

 

My name is Darryl Malloy and I am a registered Arbitrator with the State of Texas, a  licensed Real Estate Broker and owner of Renaissance Realty Group.  I have been liscensed in the real estate industry since 1988 and  I am a Graduate of the Realtor Institute (GRI).

 

My education includes a degree in Accounting and a minor in Construction Management in addition I belief that education is very important and I usually take a Real Estate related Mandatory Continuing Education course every quarter.

 

My experience includes managing ownership interests in a Construction Company, Property Management Company, Investment Partnership and Real Estate Brokerage Company.

 

In the community, I am the President of the Houston Housing Authority Credit Union, Vice President of the Houston Real Estate Association and serve on the Board of Kingdom Come Community Development Corporation.  In these positions I am known to be fair and equitable.

 

During the Arbitration proceedings in order to be fair and equitable I insist that each party respect the other and that we all listen and hear the other party in their entirety.  My ultimate responsibility is to hear the evidence presented, review and render an award based on my findings.  Thank You for choosing me to serve you it is an honor and a priviledge.

 

Binding Arbitration Highlights

Binding Arbitration is a new avenue of appeal for the 2005 tax year and gives qualifying taxpayers an
alternative to litigation in their appeal from the final Appraisal Review Board decision.
There are a few very stringent guidelines that must be followed in order to qualify for Binding
Arbitration.  A summary of these rules for Binding Arbitration is listed below for your review.

  • Arbitrator's must conduct arbitrations according to Comptroller Rule 9.804 and all applicable laws. Arbitrators may be selected by property owners from the Arbitration Registry or assigned to an arbitration by random selection. Arbitrator may not charge more than $450 per arbitration, inclusive of all fees.
  • The subject property must be real property.  Business Personal Property does not qualify.
  • The final appraised or market value as determined by the ARB on the subject property is $1
    million or less.
  • The only issue on appeal is the appraised or market value.
  • The property owner must pay an application fee in the amount of $500 for each request for
    Binding Arbitration.  The fee is payable to the Texas Comptroller of Public Accounts and must be
    made by cashier’s check or money order.  The $500 is used to pay the administrative costs of
    the Comptroller’s office and the Arbitrator.
  • The request for binding arbitration must be filed within 45 days of the date we receive the formal
    Board Order from the District informing us of the final ARB decision on your property.  
  • All taxes must be paid timely for the 2005 tax year.  These taxes are due no later than January
    31, 2006.  If for any reason the taxes are not paid timely, the arbitration will be dismissed and
    the application fee minus the Comptroller’s administrative costs of 10% will be returned to the
    property owner.
  • The subject property is not the subject of litigation for the tax year in question.
  • Each property owner must provide a signed written letter authorizing representation for the 
    property owner or represent themselves during the binding arbitration process.
  • Each property owner is required to provide their Social Security Number on the application form
    for refund purposes.
  • If the Arbitrator determines the value of the property to be closer to the requested value of the
    property owner than the ARB’s final value, the property owner will be refunded the application
    fee minus the Comptroller’s administrative costs of 10%.


We are excited about this new lower cost avenue of appeal and encourage you to allow us the
opportunity to take this next step in determining your property’s valuation.  If you are interested in this
new process, please contact us at 713-523-5596.

You will need to provide your Social Security Number and $500 cashier’s check or money order payable
to the Texas Comptroller of Public Accounts along with the signed letter of authorization (we will
provide).

 
Rule 9.804. Arbitration of Appraisal Review Board Determinations (PDF, 167 KB)
This rule was filed with the Secretary of State’s Office on December 5, 2005 and becomes effective December 25, 2005.

 
Request for Binding Arbitration
Request for binding arbitration for a qualified dispute between a property owner and appraisal district. Complete the form and mail or hand deliver the form and a cashiers check or money order for $500 to the county appraisal district where the property is located. Do not send the form and check directly to the Comptroller’s office. See the instructions with the form for further details.

Appointment of Arbitrator - Change Request Form
Use this form to request a change in the arbitrator assigned to hear your dispute. A new arbitrator will be selected to hear your dispute once this form has been sent to the Comptroller’s office.

Information Change For Arbitrator Registry
Arbitrators who are currently on the Arbitrator Registry can make changes to the information included in the Registry by completing this form and returning it to the Comptroller’s office. Arbitrators are required to inform the Comptroller if any information previously submitted to the Comptroller’s office, which was included in the application for arbitrator registry, has changed.