Related Posts
Any REIT ETFs that people like?
Pro
Enthusiast
More Posts
What software do you use on a daily basis?
Additional Posts in Austin, Texas
Conversation Starter
Can you pay for tolls with the tx tag?
Are y’all safe after the tornadoes?
Conversation Starter
Anyone looking to move to southeast Austin soon?
Rising Star
New to Fishbowl?
Download the Fishbowl app to
unlock all discussions on Fishbowl.
unlock all discussions on Fishbowl.
Oh my gosh I have never heard of anyone actually doing this. Why did you protest? Did you file Form 50-132? I know it is something that people talk about here, but I don't actually know anyone that has moved forward with this. Do you know any CPAs? This is something that I would ask around in my church to see if I had anyone that I knew first hand before declining their offer.
EY1 - lowering it even more than their settlement offer?
Ooof might be worth getting a tax lawyer depending on the difference in $$ to you.
It’s not that much…it’s a $15k difference between what I said I thought the value is and their counter offer, which if the tax rate is 2.5% were only talking a couple hundred dollars if I’m looking at it right
I wish I knew where to find it but I will ask my husband for you because he did this for us. He ended up going to the hearing but it went in our favor becuase our taxes wne up sky high this year and its ridiculous.
Reference Texas Property Tax Code Sec 21.013::
(b-1) Notwithstanding Subsection (b), for a residential property in a county with a population of more than 150,000, a sale is not considered to be a comparable sale unless the sale occurred within 36 months of the date as of which the market value of the subject property is to be determined, regardless of the number of comparable properties sold during that period.
I just had a company prepare a report for me. I submitted that in my protest, asked for the evidence and got an offer from the board that was about $1,800 more than what the company’s report said. It’s close enough and there’s not guarantee that the board would have gone for my lower valuation.
As far as I know, its only the year prior. I have fought several times. And if you get any reduction it's worth it. If nothing else, it lowers the base from which they can raise you next year.
I keep a spreadsheet of every house in my neighborhood and track both their app and market value. There are two avenues of fighting.. one is relative to what they appraise similar homes...so if people purchased low or did a good job fighting their value in the past, those are useful. The second is using sales. Always note upgrades in the listings and if you are going in person to fight it further have pictures.
Always mark that you are objecting on both grounds. Otherwise, you can't bring up anything about the one you don't mark.