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Real Estate Brokerage Blog

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Saturday, April 16, 2022

Property Tax Protesting Notices

 

Hi Prospects & Friends!

If you own a home, every year around late fall early spring you will receive a property tax protest notice from your county appraisal district. If you own a business and have business assets, you will also receive a property tax protest notice. These notices give you the opportunity to protest your values by April 15th every year. These annual notices shouldn't be ignored, and you should treat your annual property tax protesting notices like yearly maintenance. Hiring a property tax consultant to handle these every year for you would be the best reliable option, since they can provide the most recent comps, and can even appear to your hearings on your behalf. You may think a few hundred dollars every year isn't much, but just having the mindset to pocket this money instead to invest or put against retirement or even your children's college fund are better options for you. Understand the difference between your values on your property tax protest notice, you will see:

  • Assessed Value
  • Market Value
When you analyze the proposed values you want to pay close attention to the assessed value, this is the value you will be taxed on. The notice will show you the prior years values, so if you see a difference in the assessed values from the current year to the prior year, then you need to protest this value, because you may think it's not a big issue but unless you calculate your taxes yourself you will not see any difference if the value is:

  • $250,000
  • $275,000
The property tax consultant will be able to handle all this for you, if you have no idea how. If you're in Texas you may hire me to handle these tasks for you, I'm a licensed Texas property tax consultant, and you can click book appointment, and pick property tax consultant as the choice. So always remember to not ignore these property tax protest annual notices, when they arrive each year in the mail.