Posted on April 24, 2019 - 08:54 AM
by Bill Morris
New Tax Values Are Out ... Time to Protest?
From the State Comptroller's website:
"One of your most important rights as a taxpayer is your right to protest to the appraisal review board (ARB). You may protest if you disagree with the appraisal district value or any of the appraisal district's actions concerning your property.
"If you are dissatisfied with the ARB's findings, you have the right to appeal the ARB's decision. Depending on the facts and type of property, you may be able to appeal to the state district court in the county in which your property is located; to an independent arbitrator; or to the State Office of Administrative Hearings (SOAH)."
As always, I'm available to help you consider whether to appeal the Notice of Appraised Value you either have received or will receive soon. Due to the rapid growth and housing supply-and-demand imbalance I have written about for the past several years home prices have continued to increase, and the taxable value of your home probably has too. Here is the situation in the three most populous counties in our area:
Comparing your increase to those averages is a fair place to start.
I'll be happy to review your new appraised value and provide you with the relevant market data to help you decide whether to protest or not. As always, if you choose to protest, the first thing to do is notify the appraisal review board.
You have until May 15 or 30 days after you receive the Notice (whichever is later) to make that notification online or in writing.
In most cases, e-filing will take the place of the "informal hearing" that used to be scheduled early in this process. However it happens, if you are offered a "settlement " at this stage -- i.e., a reduction in the taxable value -- you can accept it and be done or you can reject it and move on to a "formal hearing."
At the formal hearing any previous offers from the CAD are gone and you're starting over with a panel of three members of the Appraisal Review Board and an appraiser. I'll talk with you about this process if you get that far. For now, suffice it to say that you will want to be fully prepared with data, pictures, and well thought-out points to support your position.
If that all sounds like time you don't have, there are a number of firms who can help you for a fee or will handle the protest for you. Here are a few:
I have had personal recommendatons for Texas ProTax. I have read good reviews for the others but have no first-hand knowledge about them or their services. There are other companies in this business too.
Feel free to call or text or email me if you have questions or just want to discuss a possible protest. I'm always happy to talk with you. You can also find a lot more information at Comptroller.Texas.Gov.
Finally, I will update my market dashboard and update you soon on 1st quarter results, but for now here's a snapshot of March: