Bill Morris: Texas Property Tax Calendar

Texas Property Tax Calendar

If you own real estate in Texas, in the next few weeks you will receive your 2010 Notice Of Appraised Value from your County's central appraisal district.  It is intended to be an estimate of fair market value as of January 1, 2010.  Note, however, that Texas is a "non-disclosure" state, meaning that real estate sales prices and terms of sale are not publicly reported.  For that reason, the county's estimate of value is largely a statistical exercise, supplemented with sales prices obtained from previous valuation protests and from voluntary reports from home buyers of their actual purchase prices.

If you don't receive your Notice Of Appraised Value, contact the central appraisal district where your property is located.  If you do receive the Notice, a Notice Of Protest form should be included, along with state-mandated instructions on the Protest process.  If you choose to protest the proposed taxable value of your property, you have until May 31 to give Notice to the appraisal district.

Ultimately, the taxable valuation of your property may be reduced in certain jurisdictions -- school district, county government, etc. -- based on exemptions that you may file.  For example, most Texas homeowners qualify for a Homestead Exemption for their principal residence.  "Over 65" and agricultural use exemptions are other common examples.  Exemptions don't change the appraised value, but they can save you substantially in actual tax expense.

Below is a synopsis of the Texas property tax calendar as it relates to single family residential properties:

April
01 – Last day(or as soon as possible) for Chief Appraiser to mail Notices of Appraised Value for single family residence homestead properties. 

30 – Last day to file exemptions with Appraisal District, including homestead, over-65, disability, and  special agricultural valuations.

May 
31 – Deadline for filing written notice of intention to protest proposed valuation (end of May or 30 days after the Notice of Value was mailed, whichever is later).

June – October
Appraisal Review Board holds
protest hearings. 
      • Informal discussion with appraiser
      • Formal hearing with panel from ARB

October

Taxing entities set their tax rates – Tax Assessor/Collector mails tax statements to taxpayer.  (If your mortgage payment includes escrows for taxes, payment should be made by your mortgagee, but the tax liability is your responsibility.  It’s worth confirming that payment is made, and if you want to deduct property taxes on your 2010 federal income tax return, payment must be made in 2010.)

January
31 – Prior tax year taxes due – final day to file late protest.

February

01 – Prior tax years property taxes become delinquent. 

If you have any questions or need additional information,
please let me know.

Bill F. Morris, ABR, CRS, CDPE, e-PRO, MBA
RE/MAX Capital City
Call or Text:       512-785-3345
Toll-Free:           1-800-692-8784, x 162
Email:                 
bmorris@remax.net
Web:                   www.eHomesByMorris.com  

Your personal referrals are the best measure of my success!

Comment balloon 2 commentsBill Morris • March 26 2010 12:34PM

Comments

Bill:

It's great to see real estate professionals getting the word out about important information related to real estate assessments.  I think most real estate professionals are overlooking an opportunity to connect with homebuyers, potential buyers, and the community in general.  The fact is everybody who owns property pays real estate taxes.  What a lead!

And what makes this a win-win situation is that most local assessors what help getting the word out.

Posted by Richard L. Sanderson, helping improve local property tax systems (Richard L. Sanderson Consulting) over 9 years ago

Richard, you're absolutely right.  This is important information for all property owners.  Since my business depends almost 100% on repeat and referral clients, this is a great and very legitimate reason to reach out and make sure they know I'm always thinking about their interests.  Thanks for your comments.

Posted by Bill Morris, ABR, CRS, CDPE, ePRO, MBA (RE/MAX Capital City) over 9 years ago

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