Protest and Reduce Your Property Tax Annually - PowerPoint PPT Presentation

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Protest and Reduce Your Property Tax Annually

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Learn how to do a property tax protest and its steps. Enroll today in the Property Tax Protection Program and get to know your potential tax savings. Know more: www.poconnor.com – PowerPoint PPT presentation

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Title: Protest and Reduce Your Property Tax Annually


1
Protest
and Reduce Your Property Tax Annually
www.poconnor.com
2
How To Do A Property Tax Protest?
You have a right to lower property taxes! State
law prescribes a procedure for protesting the
assessed value of your property. The process is
sometimes laborious and can be painstaking. But
it is possible to achieve results if you can
present evidence to support your case. You may
represent yourself, or you may engage an agent to
represent you by signing an Appointment of Agent
form. Any agent who presents an appeal on your
behalf must be a Licensed Tax Consultant in the
State of Texas or possess another related real
estate license. OConnor Associates has the
sta? and support team to represent your interests
in protesting your propertys assessed value.
There is no cost to you unless we save you money.
3
Steps to Protest and Reduce Your Property Tax
Annually
Step 1 File a Protest Texas property tax appeals
can be ?led using the form provided by the
appraisal district, or click here to download
the form to ?le a Texas Property Tax Appeal in
the property tax resources section. Step 2
Research the Central Appraisal Districts Record
Card The appraisal district in your county has a
record card for each property. This card
contains information such as lot size, building
size, amenities and then go to the district o?ce
to obtain the complete record card. Step 3
Establish Property Value Texas appraisal
districts typically recognize one of three
di?erent approaches to determine market value.
Those approaches are Sales Comparison Approach,
Income Approach, and Cost Approach. Step 4
Journey through the Legal Avenues After ?ling a
protest, you will be noti?ed of a date and time
to attend a hearing, conducted with an appraiser
at the appraisal district o?ce. At its
conclusion, it will either indicate whether to
make an adjustment or o?er to settle by
establishing lower assessment.
4
Reasons To Protest Property Taxes Annually
  • It is your money.
  • You can spend your money better than the
    government.
  • Property taxes are one of the most signi?cant
    taxes for many Texas families.
  • Texas has a high sales tax and no personal income
    tax.
  • Property taxes are the only tax that can be
    appealed.
  • Property tax is ad valorem. Ad valorem means
    based on value.
  • There is no cost to protest.
  • Some years the appraiser at the informal hearing
    will be open minded
  • and focused on ?nding a win-win settlement.
  • You can protest every year regardless of whether
    the appraisal district raised, lowered or did
    not change the value.

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5
Enroll today
in the Property Tax Protection Program and get
to know your potential tax savings.
www.poconnor.com
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