- 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.
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- 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.
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- We’ll structure Arbitration so there’s no risk to you.
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- 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.
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- 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?
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- 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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PROTEST ON YOUR OWN OR HIRE A CONSULTANT. EITHER WAY WE'LL HELP YOU GET WHAT YOU DESERVE!
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Why Use Property Tax Protest in 2010?
The Double Whammy: Values Down, Tax Rates Up
Dallas Central Appraisal District (DCAD) expects 60% of its Value Notices mailed May 1 will reflect a decrease according to the Dallas Morning News Friday April 23: “Property values to mostly fall; Area budgets face gaps. . .” Last year the same number was 55%.
As values fall tax rates must rise to fund the shortfall.
What does it mean for you as the protest season (May 1 thru 31) approaches?
In 2009 — when 55% of Value Notices reflected a decrease — Property Tax Protest obtained more gross reductions in value than in any prior year and those reductions were heavily weighted to properties the appraisal districts had already reduced!
Why? It’s because in our experience appraisal districts tend to follow values down less diligently than they follow values up.
In 2010 there are additional factors at play.
- In 2010 for the first time the Property Tax Code provides “In determining value . . . the chief appraiser may not exclude from consideration the value of other . . . property in the same neighborhood because… the market value has declined because of the declining economy, or… it was sold at foreclosure…”
- In 2010 for the first time the Code provides the chief appraiser may not increase your market value in the year following a successful protest “unless the increase is supported by substantial evidence.” Thus, savings this year are more likely to last more than one year.
- In 2010 for the first time the Code provides that homesteaded properties valued over $1.0 million qualify for Arbitration. Last year Property Tax Protest succeeded in every case we took to Arbitration and our total reductions from Arbitration were more than double our reductions from the Appraisal Review Board (ARB) on those properties. To qualify you must have protested and received an Order from the ARB.
Property Tax Protest offers a 4% discount for early registration in April. There are two benefits:
- Our clients save money going in
- We have more time to prepare their cases
For more information or to sign up visit www.propertytaxprotest.com before May 1.
Flip This Home? Now You Can
The FHA is about to suspend for a year a rule that discouraged speculators from “flipping” a home — buying cheap and selling dear within 90 days to an owner occupant who finances through FHA.
Your Rising Tax Rate: Second Shoe to Drop
Dallas County’s $56.5 million expected revenue shortfall is only the latest in a string of announcements preparing the public for an increase in property tax rates. It’s a statewide problem . . .
We’re on Facebook to Save You Money. Here’s How. . .
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Over 65? Live Here!
Local option caps on city and county taxes give some Texans over 65 a property tax break that can last a lifetime (or two) but it depends on where you live . . .
Unlike the school tax cap for seniors the city tax cap applies only to municipalties and counties that adopted it . .
What We Do For You
We help Texans control their property taxes. Whether you do it yourself or hire a pro, we’ll help you do it right.
From filing your protest in May to preparing for hearings in June and July and even to Arbitration after your hearing, our time sensitive posts will provide valuable guidance.
Meanwhile, our early posts will keep you informed so you’re ready when the time comes!
About the Author
Jonathan Kutner
Jonathan Kutner is licensed by the Texas Real Estate Commission and has 22 years' experience helping Texans control their property taxes at www.propertytaxprotest.com.
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