See & Learn About Your Property Taxes

By
Real Estate Agent with DFW FINE PROPERTIES 0506509

©By Patricia Feager, 2/1/2017

 

Ever Wonder How the Appraisal District Determines Appraisal Values?

 

2017 AD Capture

 

Here in Denton County in North Texas, I saw a vehicle creeping down the street stopping at every house. Quick! I jumped in my car and took my camera. What was this person doing? I needed to know! I pulled along side the vehicle and this is what I found. The Digital Photography Project Denton Central Appraisal District hardly hard at work. The person never got out of the vehicle except to their credit and physical effort, I did get a palm and a wave!

 

What Can TaxPayers Expect?

Texas state law requires the appraisal district to send notice by May 1 or April to residential property owners. The notice is an estimate. It will show how much tax you would be"required to pay based on the same tax rate your city, county, school district and any special purpose district set the previous year."

*Source: Texas Comptroller of Public Accounts Property Assistance Division.

How To Protest 

2016 was a year of low inventory, multiple offers, and many buyers paying over list price. Just because a buyer (many were cash buyers) were willing and able to pay more than list price doesn't mean your property taxes should go up. Read your notice and do your research. Find out how much your neighbors in your subdivision listed their homes for and how much did the buyer pay? Zillow and random Internet searches do not know because Texas is a non-disclosure state. But most likely your neighbors know and only your local Real Estate Agent who has access to the MLS knows how much properties sold.

 

Per the Taxpayer Bill of Rights in Texas, property owners may file an electronic protest. If you feel you had an "excess property tax increase or your property isn't equal to what your home was appraised for," I recommend protesting. Be a walk in or schedule an appointment but get there as soon as you can. As an alternative schedule an appointment before the appraisal review board. You can do both. File an electronic filing. They may or may not reduce your taxes. If you're still not satisfied, you can still go to a hearing before the review board. 


Patricia's advice - Don't let your money fall into the wrong hands for all the wrong reasons!

 

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Texas Law requires all license holders to provide the Information about Brokerage Services form to prospective clients.

Real Estate Commission Consumer Protection Notice  

 

 dfw fine properties

 

DFW FINE PROPERTIES

                                        3575 Lone Star Circle, Suite 315
                                        Fort Worth, TX 76117
                                        Office: 817-748-4800/FAX: 817-748-4900

                                         Patricia Feager
                                                        Cell: 469-951-4758

                                                        Email: patricia.feager@gmail.com

 

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Rainmaker
3,135,121
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Great information on challenging tax assessments in your area, Patricia. With rising home values for 4 years, I have a feeling we will be seeing some increases in about two when they next reassess in Charlotte.

Feb 01, 2017 07:08 AM #1
Rainmaker
2,036,708
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Fort Worth, TX
Selling Homes Changing Lives

Nina Hollander - Here in Texas we've had a few earthquakes (none recently). However, once those tax bills arrive in our mailboxes I think I'm going to hear the earth move under my feet and hear a lot of ROARING! I know I'll be protesting, that's for sure!!!

Feb 01, 2017 07:27 AM #2
Rainmaker
3,135,121
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Hi Patricia... I do think it would be somewhat "un-American" not to protest higher taxes! 

Feb 01, 2017 07:32 AM #3
Rainmaker
2,036,708
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Fort Worth, TX
Selling Homes Changing Lives

Nina Hollander - We are living in a world of unknowns and the cost of living and housing continues to rise. Does anyone ever count their pennies anymore? I know I am! But, to tell the truth, I'm not sure when the last time was I even saw a penny!

Feb 01, 2017 07:49 AM #4
Rainmaker
3,363,178
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Good morning, Patricia --  it's handled quite differently in California --- it's always interesting to see the "rules" behind property taxes in different jurisdictions.  I'm still laughing at the comment - number 3 - by Nina Hollander.

Feb 01, 2017 07:49 AM #5
Ambassador
4,014,486
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Hi Patricia

Property taxes and assessments are handled differently here in CA as Michael Jacobs already pointed out. We have a formal protest process and period of time to do so each year.

You've shared some good information for homeowners and potential homeowners.

Jeff

Feb 01, 2017 08:25 AM #6
Rainmaker
2,036,708
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Fort Worth, TX
Selling Homes Changing Lives

Jeff Dowler - People need to know how to handle their Property Tax bill in every State and County. You don't know, what you don't know, but it's worth it to find out and protest property taxes!

Feb 01, 2017 08:34 AM #7
Ambassador
1,769,790
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

Hi Patricia this is really interesting. I always recommend protesting property taxes whenever possible.

Feb 01, 2017 09:02 AM #8
Ambassador
2,302,371
Belinda Spillman
Aspen Lane Real Estate Colorful Colorado - Aurora, CO
Colorado Living!

I just got my tax bill this week.  It has my property under assessed by about $100k which is fine with me!  I always wonder how they come up with their numbers.

Feb 01, 2017 09:39 AM #9
Rainmaker
2,036,708
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Fort Worth, TX
Selling Homes Changing Lives

Belinda Spillman - Were you doing the happy dance? I know I would be in I was in your shoes!

Feb 01, 2017 10:43 AM #10
Rainmaker
2,036,708
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Fort Worth, TX
Selling Homes Changing Lives

Noah Seidenberg - I always recommend it to my clients and people I know. This was the first time I ever saw a drive-by photo shoot by a County Appraisal District. I don't know if they always did it this way or when it started. 

Feb 01, 2017 10:46 AM #11
Ambassador
3,902,259
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Patricia- good information for all Texas Homeowners.  They need to know their rights.  After we moved to Florida, our property taxes doubled and many homeowners considered moving.  

Feb 01, 2017 11:47 AM #12
Rainmaker
1,235,375
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

Adding to my blurb above ... now you know one of the biggest reasons I left appraising, Patricia Feager ... I don't like "drive-bys" for any reason.  There needs to be more to it than that and I just wasn't comfortable performing them ...

You cover an important topic ... taxes and the protesting of them.  People need to ask questions and seek info ...

Gene

Feb 01, 2017 01:04 PM #13
Rainmaker
2,036,708
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Fort Worth, TX
Selling Homes Changing Lives

Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi - Thank you for sharing! You made the right decision to leave appraising and do something else. This also reconfirms to me that you really are one of the good guys! I never had any doubt. Thank you for validating what I had to say about protesting taxes. 

Feb 01, 2017 02:11 PM #14
Rainmaker
2,558,803
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

This is good information to share with homeowners in your vicinity, Patricia!

Feb 01, 2017 04:05 PM #15
Rainmaker
3,209,384
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Patricia, I find it interesting how one challenges the taxes all over the country. Here in CA it is not advisable thanks to Proposition 13 if you challenged it you would hurt yourself:)Endre

Feb 01, 2017 11:07 PM #16
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Rainmaker
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Selling Homes Changing Lives
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