County Appraisal Districts, across Texas, will start mailing out notices to property owners this month. Do you want to know how you can file appeal?
Home prices have grown in the last year, most property owners will see substantial increases in appraised values. To help reduce the dramatic increase in home values over the last year, the Bexar County Commissioners Court voted to approve a $5,000 deduction from the appraised value of primary homes. Owners pay property taxes based on the value assigned to their property by the Appraisal District, thus any increase in taxes will increase the monthly mortgage payments.
Property owners have legal rights to fight if they disagree with the new valuation of their property. If you disagree with the valuation, you can request the evidence package that includes what information was used to determine the value of your property.
Now, how do you appeal your property tax appraisal? If you do not agree with the valuation from the appraisal district, you can file a protest!
In most cases, you will have until May 15 or 30 days from the date you receive your notice to protest the valuation, according to the Texas Comptroller website. The deadline will be whichever date is later. Once you have filed your protest, you will be notified in writing of the date, time, place, for a formal hearing before the appraisal review board.
The Appraisal District will schedule two hearings:
The first hearing is informal, and up to 80% of appeals are settled on this hearing. You need to bring evidence like Comparative Market Analysis (CMA), estimates for repairs, photographs of the property to make your case.
You can also settle your protest online through the portal on the County Appraisal District website.
Do you need a CMA to support your protest? We can gladly help you with it. Give us a call or email us, any day, any time!
