Realtors know when taxpayers receive their notices of appraised value in April. They receive frequent requests for comps and assistance in preparing a tax protest for their clients. NTPTS can help offload some of those tasks, directly assisting your clients in understanding the potential for lowering their appraised property value.
Since we are preparing a large number of protests for a broad range of clients, it is often more efficient for us to add them to our process. Learn more about our services and how we can save you time and assist your clients in appealing their property taxes.
Situations Where Your Clients Could File a Tax Appeal
NTPTS can file tax appeals for “new purchase” clients with homes in Dallas, Collin, Denton, and Tarrant counties. Protests for new purchases are typically made when the sale price is too low or too high.
Unusually Low Sales Price
Factors that cause the purchase price to be low include foundation problems, run-down condition, and environmental factors. When one of your clients purchases a property for less than its appraised value, an appeal must be filed to have the appraised value lowered to match the purchase price.
Although the Appraisal District will typically approve this request for the first year, the value the following year will often rise significantly because the property is again valued by the mass appraisal technique.
Our knowledge of the appraisal district’s classification system and mass appraisal process often enables us to convince the appraisal district to maintain lower values until the problems no longer exist.
Premium Sales Price
Occasionally, one of your clients may pay a premium over the market value for their home. If the purchase price is significantly higher than the market value and appears to be an anomaly or outlier from other sales, we may be successful in presenting a case for an appraisal closer to the market value based on the client’s reasons for the higher purchase price.
When the Appraisal District sets the value at the purchase price but doesn’t raise other values in the neighborhood, this leads to an Unequal Appraisal compared to similar properties or neighbors.
NTPTS has extensive experience in protesting based on this Unequal Appraisal, known as a Fair and Equal protest. This is the absolute hardest protest to win, but we have been successful in many cases.
We are the largest high-end residential property tax appeal firm in North Texas. To learn more about how we can represent your clients in these types of tax appeals, contact NTPTS for more information.
Presentations for Realtors
Looking to better understand the appraisal process and property tax appeals? Our licensed tax consultants can conduct presentations on topics ranging from how property taxes are calculated to steps homeowners can take to ensure appraised values are fair and equitable.
Having this knowledge and information provides added value to you as a real estate agent. If your realty office would like to meet with NTPTS’ leadership team, please give us a call at 214-954-4103.