Advice | Economy | Real Estate

When and How to Protest your Central Texas Property Taxes


Read time: 3 minutes

Why Protest Property Taxes?

You should make it a yearly effort to protest your property value taxes. Protesting your taxes could save you several hundred to several thousand dollars over time.

In 2020, the Travis County appraisal roll increased 5% to $287.2 billion, led by more than $6 billion in new construction and value increases in office, industrial and multifamily properties, as indicated in Austin American-Statesman.

Why Is Tax-assessed Value Different Than Market Value?

The tax-assessed value is what your county believes your property is worth. The county attempts to set their values at a 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 to Protest Property Taxes?

You can determine your home’s market by unlocking home sale prices by registering on RealtyAustin.com  and assessing comparables in your neighborhood. You can also use our Property Valuation Tool to determine a rough estimate of your home’s market value. Contact your Realty Austin agent if you need help understanding market information, collecting information from neighbors who have recently purchased their homes, or contracting a company that 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. If the market value is higher, then you should not appeal.

When Should you Receive your Property Valuation and How Long Do you Have to Appeal?

The County Appraisal Districts began mailing property valuations in early April. Most homeowners should have received their valuation on or before May 15th. Homeowners have until 30 days from the date they receive their valuation to appeal.

How to Protest Property Taxes

If you believe your property valuation is higher than the current market value, you should appeal your taxes. When people don’t appeal, the taxing authority accepts that their value is correct which affects all homeowners in a given area. By appealing the assessed value, we all help keep our real estate taxing authority valuations in line with market value.

  1. File your protest using the protest form available from the County Appraisal District. After you have filed, it can take several months for the Travis County Appraisal District to schedule your informal hearing.
  2. At the hearing: The purpose of the informal hearing is for you to present your evidence and facts to support your claim that they have over-valued your Austin home or condo.

Present Your Evidence

The following information can be helpful to present at the hearing:

  • Comparable Market Analysis: A comparable market analysis looks at Market Value and shows recent sales for homes that are similar to yours in size, age, location and type of construction. Use our website to unlock home sale prices and find comparables in your neighborhood.
  • Documentation Regarding Your Home’s Condition: Do you have foundation issues? Plumbing problems? Anything that would adversely affect the Market Value of your home should be documented. Take photographs and bring them with you to your hearing.
  • Documentation Regarding Your Home’s Location: Once again, anything that would adversely affect the Market Value of your home is evidence that you can use in your appeal. (ie: if home backs up to a busy street – consider printing off a Google map to document your location.)
  • Recently Purchased Homes: If you purchased your home in the last several months, and the purchase price was lower than your appraised value, bring a copy of your settlement statement.

Things to Keep in Mind for the Day of your Hearing

  1. The Appraisal District is responsible for setting the appraised value, they have nothing to do with the tax rate.
  2. You are not going to the hearing to protest your tax rate or how much you are paying in taxes, you are only appealing the county’s assessed value of your home.
  3. Be polite and courteous.
  4. Bring an extra copy of your supporting documentation to leave with the county.

Find Out More About How to Protest Property Taxes

Related Posts

None found

INSTAGRAM

Are you looking for the most up-to-date and easy-to-use home search website in Austin? You’re in the right place! Explore RealtyAustin.com, Austin’s #1 home search website. Check out the full home search video on IGTV or use the #RAlinkinbio. Find your next home today! 🏘️ 💻 📱 #realtyaustin #makethemove #austinrealestate⁠⠀ ...

@foundationcommunities is on a mission to end the affordable housing crisis that many Austin residents face, now more than ever. Realty Austin, Co-Owner, @yvetteboatwright sits down with Foundation Communities CEO, Walter Moreau to discuss the program's community initiatives to provide safe affordable housing while enhancing the quality of life for the community members in need. Get involved and watch the full interview using the #RAlinkinbio ❤️ 🏡 #ouraustinpledge #realtyaustin #foundationcommunnities #affordablehousing ...

Realty Austin is honored to be ranked #3 on the Austin American-Statesman‘s 2020 @topworkplaces of Greater Austin list! 🏆🎉 Rated in areas of leadership, ethics, values, and treatment of employees, we are proud to be on this list for the ninth year in a row. Check out the #RALinkInBio to learn more about why Realty Austin is consistently voted a Top Workplace! #topworkplaces #realtyaustin #realtyawesome ...

The world premiere of the 9th Annual Realty Austin Habitat for Humanity music video is live on Youtube now! 🎸🎵🏠 Our rockstar agents work hard every day for their clients and the community and have fun while doing it. We are so grateful to have the opportunity to volunteer alongside @atxhabitat to build our 9th home for a deserving local family! Check out the #LinkInBio to view the premiere of “Don’t Stop Us Now” and subscribe to see more #realtyawesome content!  #OurAustinPledge #RealtyAustin #RealtyAwesome #AustinTexas #HabitatForHumanity #AustinHabitatforHumanity #MusicVideo #DontStopUsNow ...

Pin It on Pinterest