09 Mar 2017

Why Protest?

Why Protest Your Texas Property Taxes?  

09 Mar 2017

Why Protest Your Texas Property Taxes?

 

Your assessed property value may not be accurate as a result of the following:

  1. It’s likely your home has never been individually appraised.

    Instead, the proposed value of your home is based off of a mass appraisal. The appraisal district does not have the manpower or time available to appraise each and every home.

  2. Assessed home values are sensitive to economy growth & decline.

    When the economy grows, your local appraisal district increases values but when the economy declines it is reluctant to reduce your valuation.

  3. Homes that sold at foreclosure can now be used to reduce your property value.

    Effective January 1, 2010, the chief appraiser in appraising a residence homestead may not exclude comparable homes that sold at foreclosure in any of the three years preceding the tax year.

  4. You’re responsible for the burden of proof for property value.

    A Texas law now prohibits the chief appraiser from increasing the appraised value of the property in the following tax year unless the increased value is reasonably supported by SUBSTANTIAL evidence or by presenting evidence showing that an inequality in the appraisal of property was correct. The burden of proof is on the chief appraiser to support an increase under these circumstances. If the District can’t present substantial evidence, your value cannot be increased.

Every home is different so if you expect to reduce your property tax burden you will need custom analysis of your home, comprehensive analysis of your neighborhood, analysis of comparable properties to your home, and a strategy when meeting with the central appraisal district.

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