How to appeal your property taxes - PowerPoint PPT Presentation

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How to appeal your property taxes

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Title: How to appeal your property taxes


1
How to appeal your property taxes?
  • https//www.poconnor.com/

2
Step 1. File a Protest
  • Texas property tax appeals can be filed using the
    form provided by the appraisal district or click
    here to download the form to file a Texas
    Property Tax Appeal in the property tax resources
    section. Otherwise, send a short letter to the
    chief appraiser at the central appraisal district
    stating that you are protesting your property
    taxes. You should indicate the basis is both
    assessed value over market value and equal
    appraisal. The deadline to file a protest is May
    15, or 30 days after notice of your assessed
    value is mailed to you, whichever is later.
    Protest annually to minimize your property taxes.

3
Step 2. Research the Central Appraisal Districts
Record Card
  • The appraisal district in your county has a
    record card for each property it assesses. This
    card contains information such as lot size,
    building size, amenities, and much more. You will
    need to go to the district office to obtain the
    complete record card and there may be a nominal
    charge. However, you can probably review much of
    the basic information on the appraisal districts
    website. Ask the staff if you have questions
    about the information. Errors in the record card
    are a sound basis for a protest. It is impossible
    to maintain correct data for every property in
    the county.

4
Step 3. Establish Property Value
  • Texas appraisal districts typically recognize one
    of three different approaches to determine market
    value when granting reductions in property tax
    assessments. Those approaches are Sales
    Comparison Approach, Income Approach, and Cost
    Approach. In addition, recent court rulings have
    paved the way to encourage more districts to also
    recognize the Uniform and Equal Approach (unequal
    appraisal) to valuing the property as provided in
    the Texas Property Tax Code. For a full
    description of these approaches, click on The
    Approaches to Establishing Property Value.
    Analyze both market value and unequal appraisal
    when preparing for your Texas property tax
    appeal.

5
Step 4. Journey through the Legal Avenues
  • Informal Hearing After filing a protest you will
    be notified of a date and time to attend a
    hearing. This meeting is conducted with a staff
    appraiser at the appraisal district office. It
    typically lasts 15 minutes. At its conclusion,
    the appraiser will either indicate he cannot make
    an adjustment, or he will offer to settle by
    establishing lower assessment. In Texas, most
    residential property tax appeals are resolved at
    the informal hearing.
  • Appraisal Review Board Hearing This is sometimes
    called a formal or ARB hearing. Participants
    include three members of the appraisal review
    board, a staff appraiser from the appraisal
    district, a hearing clerk (in some counties) and
    the property owner or their agent. The property
    owner or his agent and the districts appraiser
    will separately present the evidence to support
    their opinions of the market value and unequal
    appraisal for the subject property. Afterward,
    the board members will announce its conclusion,
    which is not subject to negotiation. However,
    their decision can be appealed in a Texas
    district court if a lawsuit is filed against the
    county appraisal district to further appeal the
    property taxes.
  • Litigation While the results of informal hearings
    are final for the tax year and cannot be appealed
    through a lawsuit, the results determined at the
    appraisal review board hearing can be appealed to
    district court. Before making a decision to do
    so, the owner should consider the amounts of any
    potential tax savings, legal costs, and expert
    witness costs. In Texas, most judicial appeals of
    property tax assessments are successful.

6
Thank You
  • Click here to know more on the Property Tax
    Protection Program
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