The property is appraised over market value as of January 1. The property valuation is unequal compared to other like properties. Error of the property’s inclusion on the appraisal records. Denial in whole or in part of a partial exemption. Denial for special agricultural or timber appraisal. Identification of the taxing units in which the…
Property Tax Dates
Reappraisal of Property Damaged in Disaster Area – Section 23.02 Sec. 23.02. Reappraisal of Property Damaged in Disaster Area. (a) The governing body of a taxing unit that is located partly or entirely inside an area declared to be a disaster area by the governor may authorize reappraisal of all property damaged in the disaster…
How to calculate the 1/3 over-assessed qualification in a 25.25(d) Hearing. How to calculate the 1/3 over-assessed qualification in a 25.25(d) Hearing. There are two methodologies that allow you to judge whether a value meets the 1/3 over-assessed rule: 1) Using the Current Assessed Value: Calculation: **Current Assessed Value X 75% = Threshold for Corrected…
Property Taxpayer Advocates Rahul Patel, Paul Pennington and James Harris in Austin testifying in favor of SB 669, Senator Nelson’s ARB and Arbitration reform Bill.
Who Pays Taxes in Texas Who Pays Taxes in Texas by Chandra Villanueva and Dick Lavine, Published by the Center for Public Policy Priorities.
Estimating Tax Future Property Tax Liabilities There are four things to consider in projecting tax liabilities for future years. 1. Estimate the timing of future revaluations and appeals. 2. Projected increases in future tax rates. 3. Legislative changes. 4. National Economy. It is very important to forecast county reappraisals due to up-ticks in sales activity,…
Recession and Texas Property Taxes I have written a lot about the economy and its effect on property taxes.  The actions today by the federal government to bail out financial institutions, I believe is a clear message both nationally and here in Texas.  For example Bloomberg reported, “Lehman Brothers Holdings Inc.’s bankruptcy filing may delay the sale…
Steps of a Property Tax Appeal
Filing a Texas Property Tax Protest First of all, a taxpayer should understand the nature of property taxes in Texas. Property taxes are the primary financial resource for the operation of governmental entities in Texas. This is largely based on the fact that Texas has no state income tax. Annual valuations are determined by local…