Is Your Austin Texas Tax Appraisal a Fair Assesment?


 

Why is tax-assessed value different than market value?                                
The tax-assessed value is what your county believes your home or condo is worth. The county attempts to set their values at market value. However, they do not evaluate comparables, nor do they perform an individual market analysis on every home. The county simply values your home according to the area, not the house, meaning the value may be too high or too low, depending on the size, location, amenities and condition of the specific home.

How do you determine your market value?
You can: contact your Realtor who can provide you with market information, collect information from neighbors who have recently purchased their homes, or a contract company who specializes in assisting with tax assessor valuation protests.

Should you appeal your property valuation?

If the market value on your home is lower than your tax-assessed value, then you should appeal.

 

When should you receive your property valuation and how long do you have to appeal?
The County Appraisal Districts began mailing property valuations sometime after April 15th. Most homeowners should have received their valuation on or before May 1st. Homeowners have until May 31st, or 30 days from the date they receive their valuation (whichever is later), to appeal.

How to appeal your property taxes?

If you believe your property valuation is higher than the current market value, you should appeal your taxes. When people don

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Disclaimer

This site is intended for clients that are not currently registered with a Broker. If you have a current Buyers Representation Agreement signed with another Texas real estate Broker, please contact your Agent or Broker. Texas Real Estate Commission Consumer Protection Notice