Protest Your Property Taxes

Why Protest Property Taxes? 
To lower your tax bill and save you money!

 

How Do you Determine your Market Value to Protest Property Taxes?
Contact your Sage Wilson Property Group agent if you need help understanding market information, collecting information from neighbors who have recently purchased their homes, or contracting a company who specializes in assisting with tax assessor valuation protests.

 

Should you Appeal your Property Valuation?
If the market value on your home is lower than your tax-assessed value, then you should appeal. If the market value is higher, then you should not appeal.

 

When Should you Receive your Property Valuation and How Long Do you Have to Appeal?

The County Appraisal Districts began mailing property valuations sometime after April 15th. Most homeowners should have received their valuation on or before May 1st. Homeowners have until 30 days from the date they receive their valuation to appeal.
How to Protest Property Taxes

If you believe your property valuation is higher than the current market value, you should appeal your taxes. When people don’t appeal, the taxing authority accepts that their value is correct which affects all homeowners in a given area. By appealing the assessed value, we all help keep our real estate taxing authority valuations in line with market value.
  1. File your protest using the protest form available from the County Appraisal District. After you have filed, it can take several months for the Travis County Appraisal District to schedule your informal hearing.
  2. At the hearing: The purpose of the informal hearing is for you to present your evidence and facts to support your claim that they have over-valued your Austin home or condo.

Present Your Evidence

The following information can be helpful to present at the hearing:
  • Comparable Market Analysis: looks at Market Value and shows recent sales for homes that are similar to yours in size, age, location and type of construction. Contact us to obtain a CMA for your home.
  • Documentation Regarding Your Home’s Condition: Do you have foundation issues? Plumbing problems? Anything that would adversely affect the Market Value of your home should be documented. Take photographs and bring them with you to your hearing.
  • Documentation Regarding Your Home’s Location: Once again, anything that would adversely affect the Market Value of your home is evidence that you can use in your appeal. (ie: if home backs up to a busy street – consider printing off a Google map to document your location.)
  • Recently Purchased Homes: If you purchased your home in the last several months, and the purchase price was lower than your appraised value, bring a copy of your settlement statement or ask us for a copy.
HAPPY SAVING! 
Questions? Feel free to give us a call: (512) 828-7074

Comments are closed.

The data relating to real estate for sale on this web site comes in part from the Austin/Central Texas Realty Information Service (ACTRIS).

 

Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Keller Williams Austin Northwest shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.