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.
you don't receive your Notice Of Appraised Value, contact the central
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.
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.
is a synopsis of the Texas property tax calendar as it relates to
single family residential properties:
– Last day(or as soon as possible) for Chief Appraiser
to mail Notices of Appraised Value
30 – Last day to
with Appraisal District, including homestead, over-65, disability,
and special agricultural valuations.
31 – Deadline for filing
of intention to
proposed valuation (end of May or 30 days after the Notice of Value was
mailed, whichever is later).
Review Board holds
entities set their tax rates – Tax Assessor/Collector mails
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.)
– Prior tax
– final day to file late protest.
– Prior tax years property taxes become delinquent.
If you have any questions or need
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
Your personal referrals are the best measure of my success!