Why Not Hide My Purchase Price?
In an attempt to keep taxes low some home buyers will specify that MLS not disclose the purchase price.It’s not a good idea.The appraisal district, seeing a deed transfer and a non disclosed price will typically propose a value in excess of what it feels the market will support. Appraisal districts may do this to […]
This Little Piggy Went to Market. But . . .
What’s “Market”? That’s what every ARB panel asks and the answer is subjective. So your value is also.The classic definition, paraphrased, is that market is the price at which a willing buyer not under pressure to sell and a willing buyer not under pressure to buy will agree to receive and pay.For a property which […]
Priced Out of Your Home? You’re Not Alone!
Rising values are a blessing and a bane to homeowners and the problem is only getting worse in the DFW market. Yes, your equity increases with increasing values but so too do your property taxes. If you are not planning to move anytime soon, prepare for increased home values and increased taxes. They make the […]
How Can We Fight the District When It Has All the Data?
We have three major advantages: One is we have access to better data than the appraisal district because you know your property better than they do. Our clients tell us things about their property that the appraisal district often gets wrong, such as condition, size, number of baths, size of garage, etc. So we go […]
Over 65? You Can Defer Property Taxes!
If you are over 65 or “disabled” (see Note 1 below for the definition) and you own and occupy the property as your residence homestead you can defer collection of property taxes until you sell or pass away.You will avoid interest (2% per month) and penalties (starting at 15% the day after taxes would otherwise […]
Arbitration: We’ll Share the Risk With You!
Your Second Chance is Often Your Best Chance – and we’ll share the risk! After the Appraisal Review Board makes its decision – even after a reduction there – Binding Arbitration is your last resort to get the taxable value you deserve. It’s also your best resort because it’s played on a field tilted in […]
Should I protest to the ARB even if I won a reduction in last year’s taxable value?
Short answer: Yes, you should protest to the Appraisal Review Board even if you won a property tax reduction last year. The appraisal district and the ARB consider each year de novo. (That’s a legal term for “from scratch”.) What happened last year is irrelevant to the appraisal district and to the ARB. As they […]
Tarrant and Denton Appraisal Districts Are Different – What You Need to Know
Tarrant County Appraisal District and Denton County Appraisal District are each guided by the same regulations promulgated by the Texas State Comptroller, but they differ significantly in how they operate. Homeowners who want to know how to protest property taxes would do well to know the differences when protesting to the Appraisal Review Board this […]
If I protest each year to the ARB won’t my property get flagged by the Appraisal District?
Short answer: No. The appraisal district and the Appraisal Review Board consider each year de novo. (That’s a legal term for “from scratch”.) What happened last year is irrelevant to the appraisal district and to the ARB. Or, in the words of the NBA, “That was then. This is now.” In fact, we protest our […]
What Does the 10 Percent Capped Value Mean?
Per The Texas Property Tax Code, Section 23.23, the capped value means your property’s appraised value (taxable value) can only increase by a maximum of 10% compared to last year’s value, with some restrictions. If the market value of your homesteaded property rises more than ten percent per annum since its most recent appraisal by […]
