Over the years, we’ve saved our clients tens of thousands of dollars on their property taxes. We encourage each and every homeowner to take a close look at your property tax assessment. And if it seems out of whack – let’s find out if you’re right! There’s no reason for you to pay an unfair share of taxes. So, when you receive your tax estimate (usually between April 2 – 7 each year), don’t leave it sitting there like it’s laced with poison – open it! And let’s find out if there’s work to be done.
First – how do you determine if the assessment is fair?
There are a few ways to accomplish this: you can have a real estate professional like us run a market analysis and let you know if the appraisal district is in the ballpark. Remember: here in Texas we still have presumed privacy – so the appraisal district does not have exact information on what you paid for your house – or what your neighbor paid for theirs. And – as such – there can be discrepancies. If you just purchased your home (within the last six months) – you have a good idea of what the market value is – and your settlement statement will be helpful. Or you can hire a tax protest professional.
Now what????
- Appeal (by May 4). Each county’s appraisal district has a slightly different process. We’ve included the links below for you:
2. Be Patient – a response can take weeks – or months.
3. Be Prepared! There are many items you can bring that will help your case. Remember to bring a copy to leave at the hearing. They’ll want to review your evidence. This can include:
a. Market Analysis – we can help you with this! This document will include properties the recently closed escrow that are similar to yours in size, age, neighborhood, etc.
b. Details about your Home – perhaps your home has a lot of deferred maintenance, backs to a busy road, has condition issues that affect value. Bring pictures, maps and evidence of this.
c. Settlement Statement – if you recently purchased your home, you may only need to show your closing statement.
Remember: The folks who are making the decision on how much your home will be assessed at did not set the tax percentages. While this is a frustrating process, be kind and respectful.
If we can be of further assistance – please reach out. As always, we are here for you to count on.
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