Non-Disclosure States: What This Means for Texas Homeowners and Property Taxes
Disclosure and non-disclosure states refer to a state’s ability to publish property sale prices via public record. Without sales data, it is hard to access comparable sales, which can make property tax assessments inaccurate. Comparable sale prices are often valuable evidence to homeowners who are appealing their appraised value and trying to lower their property […]
How are Property Taxes Calculated in Texas?
If you’re a homeowner in Texas, you’ve probably received a property tax bill at some point. Property taxes are an important source of revenue for local governments, and they help pay for schools, roads, public safety, and other services that benefit the community. Since there is no state income tax, local governments are authorized to […]
What is the Texas Homestead Cap Limitation?
A volatile real estate market can make appraised values unpredictable for Texas homeowners where taxes are already high compared to other states. The Texas Homestead Cap is one way to limit the risk of an increase to your property tax burden. In this article, we’ll explain what the homestead cap is and the eligibility requirements. […]
How Much Do Property Tax Consultants Charge?
If you’re looking to hire a property tax consultant to handle your appeal, part of your decision-making process may include comparing fees among firms. Some firms will charge an upfront subscription fee or flat fee before they file your appeal. You should not have to pay an upfront fee to a firm; you should only […]
5 Ways to Reduce Property Taxes
Paying property taxes can be a significant expense for homeowners, and for some, it can be a burden. If you can’t afford to pay your property taxes or want to reduce what you owe, here are some things you can do. 1. Know how property taxes are calculated. In order to save on property taxes, […]
Residence Homestead Exemption Frequently Asked Questions
Property tax exemptions reduce the amount of taxes that homeowners are required to pay. One exemption is called a homestead exemption. A homestead exemption reduces the taxable portion of your home’s assessed value, so you pay less in property taxes. For example, a home that is worth $400,000 with an exemption of $100,000 would be […]
What 2023 DFW Market Data Means for 2024 Property Taxes
2024 property taxes will be based on the real estate market conditions and sales from the 2023 calendar year. Your home must be appraised as of January 1 of each tax year. Learn more about how 2023 sales data from Dallas-Fort Worth informs your tax appraisal and our 2024 protest strategy. Dallas-Fort Worth 2023 market […]
Why Did My Property’s Assessed Value Change?
Texas homeowners receive the Notice of Appraised Value every year. This notice informs homeowners of their assessed property value for the tax year. Your property tax bill is based on this value, which is determined by Texas appraisal districts. It is possible for your property’s assessed value to change from year to year, even if […]
What are the Property Tax Exemptions for People Over 65 in Texas?
There are property tax exemptions that allow individuals to reduce or eliminate the amount of taxes that they are required to pay. Any resident can apply for a homestead exemption on their primary residence. There are also exemptions for disabled veterans, surviving spouses, and seniors. Senior property tax exemptions vary by state, but most states […]
Appraisal Review Board Frequently Asked Questions
If you’ve decided to protest your Texas property taxes, you will likely attend a hearing with your appraisal district’s Appraisal Review Board. This hearing occurs if your property tax appeal is not resolved at the informal hearing. Despite the formal name, the ARB is nothing to be intimated about, but it’s normal to have a […]
What Home Improvements Increase Property Taxes?
Certain home improvements can increase your home’s value, but they could also affect your property tax bill. Tax assessors use the assessed value of your home to calculate how much you pay in property taxes. Factors that can influence assessed value include property size, condition, features, and more. There are many reasons to invest in […]
Are Property Tax Protest Companies Worth It?
With no state income tax, Texas has some of the highest property tax rates in the country, making them a burden for many homeowners. Fortunately, there is an option to protest your assessed value, which can help to lower your property taxes. You can complete the appeal process on your own or you can appoint […]