Fight Your Property Taxes!
It’s that time of year again…when the county sends us all the latest appraised values of our properties. Property values are going up each year all around Austin, which is both good and bad. Higher appraised value means homes in the Austin area are worth more! It also means paying higher property taxes; however, you have some control over your property taxes.
Each year you are able to protest your appraised value, and the first step is to show the county comparable homes that are appraised at a lesser value. Finding comparable homes is a Realtor’s specialty! I would be happy to create a comparative market analysis of homes in your neighborhood using proprietary market data to see if the county has unfairly valued your home. Please fill out the information below the youtube video if you would like me to help you get started saving money on your property tax.
Information to Get Started
JANUARY 1ST: DATE WHEN YOUR HOME VALUE IS APPRAISED
Your home’s appraised value for the year is based on its condition + what the property could sell for – on this date. Keep in mind, the appraisal district arrives at a figure by calculating the market value of your property. And your home’s condition on Jan. 1 is key as you look at factors that may affect the value. Any damage or improvements after this date will not affect the taxable value of your home this year.
LATE APRIL-EARLY MAY: APPRAISED HOME VALUE ARRIVES IN YOUR MAILBOX
A piece of mail arrives from the appraisal district, telling you the value of your home for tax purposes. Look over the numbers carefully. If your property is not described correctly or if the value looks out of whack, you can protest it.
MAY 15TH: DEADLINE TO FILE A “NOTICE OF PROTEST”
This is the deadline for filing a “Notice of Protest” of your appraised value. What’s the best way to file? You have a couple of options. You can use the form on the back of the “Notice of Appraised Value” that you received from the appraisal district, since it already has your account information printed on it. Or you may be able to file your protest online. To file online, visit your Appraisal District website: Travis County | Williamson County | Hays County
JUNE: MEETING WITH THE APPRAISAL STAFFER AND THE ARB
Your appraisal District will send you a letter with two dates: an informal meeting with an appraisal staffer and your formal hearing date with the Appraisal Review Board (ARB), a group of independent residents appointed to hear these challenges. During this informal meeting, the staffer will review the numbers with you. Once you and the staffer have hashed it out, the district may offer to reduce your value by a certain amount. If you’re satisfied, you can accept it. If you choose NOT to accept the newly offered amount you can move on to the second meeting with the ARB for a more formal protest.