Common Mistakes During the Property Tax Appeals Process

When your property tax bill arrives in October, and the assessed value of your home appears excessively high, it’s essential to consider your options. While many homeowners may simply accept the tax assessor’s valuation, assuming it’s accurate, it’s crucial to recognize your right to appeal. At Home Tax Solutions, we extend property tax relief through lower interest rate loans, allowing you to break down the cost of property taxes into more manageable monthly payments. If you suspect you’re overpaying, we strongly encourage you to familiarize yourself with the appeals process.

Challenging Assumptions About Property Tax Appeals

In the state of Texas, property assessor offices grapple with severe understaffing issues. Given the impracticality of physically assessing every property annually, algorithms come into play, determining property values based on factors like local home sale prices and square footage. Actual property visits may occur only every few years, often limited to an external evaluation. This sporadic assessment process can result in both over and undervaluations. To navigate the appeals process effectively, it’s essential to address common misconceptions:

  1. Payment Suspension During Appeal: Contrary to a common belief, appealing property taxes does not exempt you from timely payments. Failing to make payments on time can result in accruing penalties, which must be repaid regardless of the appeal’s outcome.
  2. Reliance on Independent Property Appraisals: While homeowners may opt for independent property appraisals, tax assessors often counter with their reappraisals. Assessors possess in-depth knowledge of the state’s appraisal process and have access to comprehensive data on comparable homes and their sales prices.
  3. Assumption of Permanent Correction: Even if you successfully appealed in the past, property values may rise again. Regularly check your property value, and if necessary, initiate a re-appeal.

The Texas Tax Appeal Process

Each state and county has a unique property tax appeal process, and for Texas residents, the steps include:

  1. Research: Access property records, verify home descriptions, and double-check calculations before initiating an appeal.
  2. Professional Assessment: Enlist a professional to assess your home’s value. Real estate agents are valuable resources for this step.
  3. Informal Appeal: Submit a letter to your Tax Assessor’s Office detailing evidence, concerns, and supporting documentation.
  4. Formal Appeal: If the informal appeal is unsuccessful, file an official appeal with the county using forms available on your county’s Tax Assessor Office website.
  5. Legal Appeal: If the formal appeal is declined, pursue a judicial hearing through the courts.

How Home Tax Solutions Can Assist

29At Home Tax Solutions, we alleviate the burden of property tax payments by offering low-interest property tax loans. Avoid accumulating hefty late fees by initiating the process with our online form. Let us help you secure a more manageable and sustainable solution for your property tax payments.