Avoid These Costly Mistakes When Filing Your Property Tax Appeal

Filing a property tax appeal can be a daunting process, but it’s an essential step for homeowners who believe their property has been overvalued by the local appraisal district. However, many homeowners make common mistakes that can jeopardize their chances of successfully reducing their property taxes. Here's what you need to avoid when filing a property tax appeal.

1. Missing the Filing Deadline

One of the most critical mistakes homeowners make is missing the deadline to file a property tax appeal. Each state or county has specific deadlines, and missing this date usually means you’ll have to wait another year to appeal. Always mark your calendar and ensure that you submit all required documents on time.

2. Failing to Provide Sufficient Evidence

A successful property tax appeal hinges on providing solid evidence that your property is overvalued. Homeowners often fail to gather and present adequate evidence, such as comparable sales data, photographs of property damage, or a professional appraisal. Without this information, it’s difficult to make a compelling case for a reduction in your assessed value. 

Abode can help you compile the necessary evidence, including comparable sales data and professional appraisals, to strengthen your appeal.

3. Neglecting to Review the Property Record Card

The property record card contains important details about your property that the assessor uses to determine its value. Homeowners frequently overlook reviewing this document for errors, such as incorrect square footage, number of rooms, or property conditions. These inaccuracies can lead to an inflated assessment, so it’s crucial to review and correct any errors before filing your appeal.

4. Comparing Non-Comparable Properties

When arguing that your property is overvalued, it’s important to use comparable properties that have similar characteristics, such as size, location, and condition. A common mistake is comparing your property to non-comparable homes, which weakens your argument. Make sure the properties you use as evidence are truly comparable to yours.

5. Not Being Prepared for the Appeal Hearing

Many homeowners go into their property tax appeal hearing unprepared. This can involve not fully understanding the local property tax laws, failing to present their evidence effectively, or not being ready to answer questions from the review board. Preparation is key to making a strong case, so take the time to understand the process and be ready to present your argument.

💡 Cracking the Code: Insider Tips for Winning Property Tax Appeals in Texas.

6. Accepting the First Settlement Offer

If the assessor offers a reduction after your initial appeal, it may be tempting to accept the first offer. However, this offer might still be higher than what you deserve. Homeowners often make the mistake of not negotiating further or pushing for a lower assessment. Always evaluate the offer carefully and consider if it’s worth pursuing a further reduction.

The Bottom Line

Filing a property tax appeal can lead to significant savings, but it’s essential to avoid these common mistakes to improve your chances of success. A successful appeal doesn’t just save you money now; it can reduce your tax burden for years to come. By being aware of deadlines, gathering sufficient evidence, reviewing your property record card, and preparing thoroughly for your hearing, you can increase your chances of securing a fair property tax assessment.

Need help navigating the property tax appeal process? Let Abode guide you every step of the way. Our expert team will ensure you avoid these common pitfalls and help you maximize your property tax savings. Sign up with Abode today and take control of your property taxes!

FAQs

Q: Is it worth protesting property taxes in Texas? A: Yes, protesting property taxes in Texas is often worth it. A successful protest can lower your tax bill, especially if your property is over-assessed, leading to significant savings.

Q: How do I successfully protest my property taxes in Texas? A: To successfully protest your property taxes in Texas, gather evidence like comparable sales data, ensure your property details are accurate, file a Notice of Protest on time, and present a strong case to the Appraisal Review Board.

Q: What is the best way to lower property taxes in Texas? A: The best way to lower property taxes in Texas is to file a protest, apply for available exemptions (e.g., homestead exemption), and ensure your property is accurately assessed. Regularly reviewing and contesting assessments can lead to long-term savings.

Q: How often can I appeal my property tax assessment in Texas? A: You can appeal your assessment annually.

Q: What is the deadline to file a property tax protest in Texas? A: The deadline is typically May 15 or 30 days after you receive your notice of appraised value, whichever is later.

Q: Can my property taxes increase if I file an appeal? A: While rare, it's possible if the ARB finds that your property was initially undervalued.