- What is involved in a property tax appeal?
- What is the likely hood of success?
- If I appeal my property taxes, will the government hold this against me?
- What is the deadline for filing a property tax appeal?
- Why is my property valued higher than my neighbors?
- Property values can only go up so much each year, correct?
- What happens if Tax Tiger doesn’t produce any savings?
- Why should I hire Tax Tiger and not do this myself?
- How do I know if I should protest?
- I believe my current value is low, should I still appeal?
- How does a Homestead exemption work?
- Who qualifies for a Homestead exemption?
1. What is involved in a property tax appeal?
By Yourself:
a. File a written protest by the deadline.
b. Research available property data housed at CAD
c. Obtain comparable sales and equity property data
d. Adjust comparable data as a fee appraiser would
e. Prepare case to present
f. Spend the better part of a day or two, under oath, arguing with bureaucrats
By Tax Tiger
Hire Tax Tiger
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2. What is the likely hood of success?
Only 4% of all property owners who protest themselves achieve savings, Where as Tax Tiger achieves savings in over 90% of our cases.
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3. If I appeal my property taxes, will the government hold this against me?
No, each year is unique, and the CAD’s computer system doesn’t have a means to hold grudges.
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4. What is the deadline for filing a property tax appeal?
Either May 31st or 30 days from the date on the notice of appraised value.
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5. Why is my property valued higher than my neighbors?
This could be due to a myriad of reasons, primarily due to the fact that the appraisal district used mass appraisal, which includes a database full of flawed data.
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6. Property values can only go up so much each year, correct?
Incorrect, the CAD maintains numerous “values.” The value the CAD appraises the property for can increase any percentage in a given year. A common misconception is that the value can only increase 10% per year. The “assessed” value is what the property is taxed upon, and Texas Law only allows the “assessed” value to increase a maximum of 10% per year. But if the appraised or market value is increased 30%, the CAD is effectively banking the additional 20% for future years. Further, the high market value will adversely affect your neighbors.
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7. What happens if Tax Tiger doesn’t produce any savings?
Then there is no fee. We work on a contingency basis, only charging a fee when real savings are produced.
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8. Why should I hire Tax Tiger and not do this myself?
Simple, Tax Tiger successfully achieves a reduction over 90% of the time, and that reduction averages 10%. Do it yourselfers achieve a reduction only 4% of the time, and that reduction averages 4%.
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9. How do I know if I should protest?
Contact us for a free consultation and analysis.
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10. I believe my current value is low, should I still appeal?
Yes. Real estate valuation is subjective. It’s very common for evidence to exist that supports a lower value. Never has one of our client’s property values increased due to the appeal.
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11. How does a Homestead exemption work?
A homestead exemption lowers the amount of your properties value subject to school taxes.
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12. Who qualifies for a Homestead exemption?
If you own a home and use it as your primary residence on January 1 of the current tax year, you can apply for a homestead exemption.
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