As a proud homeowner or property investor in the Lone Star State, you likely already know that property taxes are a reality we all contend with. However, what if you feel like your property taxes are just too darn high? Fear not, fellow Texan! In this guide, I'll take you through the ins and outs of protesting property taxes in the great state of Texas.
1) Know Your Property: First things first, familiarize yourself with your property. Understand its assessed value, exemptions, and any special circumstances that might affect its taxability. This includes any recent improvements or damages that could impact its value.
2) Understand Texas Tax Laws: Texas property tax laws can be complex, but having a basic understanding is crucial. In Texas, properties are appraised by county appraisal districts. The appraised value forms the basis for your property taxes. The Texas Property Tax Code outlines the procedures for protesting your property taxes.
3) Gather Evidence: Evidence is key in protesting your property taxes. Collect recent sales data of comparable properties in your area to show that your property is overvalued. Utilize resources such as online real estate databases, local Realtors, or even reach out to me for assistance in obtaining comparable sales data (comps). Provide documentation of any structural issues, renovations, or damages that might affect its value. The more evidence you have, the stronger your case will be.
4) File Your Protest: In Texas, you have the right to protest your property taxes. The deadline to file a protest is typically May 15th or 30 days after you receive your appraisal notice, whichever is later. You can file your protest online, by mail, or in person at the county appraisal district office.
5) Prepare for Your Hearing: In Texas, you have the right to protest your property taxes. The deadline to file a protest is typically May 15th or 30 days after you receive your appraisal notice, whichever is later. Check with your county's appraisal district website for specific instructions tailored to your locality. You can file your protest online, by mail, or in person at the county appraisal district office.
6) Present Your Case: At the hearing, present your evidence and argument to the ARB. Be concise and focused, sticking to the relevant facts and figures. Remember to remain respectful and professional, even if things get heated.
7) Review the Decision: After the hearing, the ARB will issue a decision either upholding or adjusting your property's assessed value. If you're unhappy with the decision, you may have the option to appeal to the State Office of Administrative Hearings (SOAH) or pursue other legal remedies.
8) Stay Informed: Property tax laws and procedures can change, so it's important to stay informed. Keep an eye out for updates from your county appraisal district and consider joining local homeowner associations or tax advocacy groups for additional support and resources.
Protesting your property taxes in Texas may seem daunting, but with the right knowledge and preparation, it's entirely possible to lower your tax burden and ensure that you're not paying a penny more than you should. So roll up your sleeves, gather your evidence, and let's get to protesting!
