Why Use Property Tax Protest in 2010?

By jkutner, 10 May, 2010, No Comment
  • Why Hire Property Tax Protest in 2010?

  • Property Tax Protest offers two shots at a reduction in the value on which your property taxes are based.  We take no percentage and your risk is limited to the amount you pay up front
  • Appraisal Review Board: We will seek a reduction from the ARB
  • i. Under Value Above Market we can likely do better than you because we know what the Board members want and we have relevant data properly adjusted to their criteria.
  • ii. Inequality is complicated but essentially means if your neighbors’ ratios of appraisal to market value are less than yours you get their ratio.  It results in a further reduction –  below Market Value.  Those neighbors who qualify and protest get it; those who qualify and don’t protest pay more than their fair share.
  • Arbitration: We will take the case to Arbitration if you don’t get the value we think you deserve from the ARB.
    1. Last year we succeeded in every case we took to Arbitration.
  • i. Where the ARB ordered no reduction, we obtained reductions.
  • ii. Where the ARB ordered reductions we obtained further reductions.
  • i. You will invest the $500 deposit held by the State Comptroller but if your tax savings are less than that we’ll pay you the difference.
    1. We’ll structure Arbitration so there’s no risk to you.
    1. In other words, we won’t take a case we can’t win.
  • Your tax savings will most likely survive for more than one year.
    1. In 2010 the Tax Code provides the Chief Appraiser may not increase a market value in the year following a successful protest “unless the increase is supported by substantial evidence.”  The burden of proof is on the Chief Appraiser.
  • Why now?
    1. Values appear ready to bottom out; waiting to 2011 could cost you the chance to get a reduction that survives multiple years.
  • www.propertytaxprotest.com
  • 469 449 9835
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Categories: Hire a Consultant, Uncategorized