Property Tax Protest Methods
The property tax code in Texas allows homeowners to protest their taxes with two methods: Sales Comparable Analysis or Unequal Appraisal.
Sales Comparable Method – With this method homeowners present evidence to the ARB showing comparable homes that have sold at reduced prices. These comparable homes must be similar in size, amenities, acreage, year built, and within the same neighborhood. As of January 2010, foreclosures can be considered comparable properties as well.
Unequal Appraisal Method – With this method homeowners present evidence to the ARB showing comparable homes that are tax assessed at a value lower than others in the neighborhood. Again, these comparable homes must be similar in size, amenities, acreage, year built, and within the same neighborhood. The appraisal district will use these comparable to lower your assessed value to align with the lower tax assessed homes in your neighborhood.
Rising Tax Rates Around Houston
The decline in market values over the last few years forced taxing municipalities to raise property tax rates to offset the loss in revenue. In some case you’ll pay more in property taxes even if your property value stays unchanged. This is done by actually increasing the “Tax Rate” and unfortunately you have no control or recourse as an individual homeowner. For more information visit website #https://txhomeappraisers.com/tax-protest/.
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