By: Adrienne Hughes, Broker/Realtor at Hughes & Company Real Estate
The thought of protesting your tax appraisal might be stressful to some. However, the process is fairly straightforward and easy. In most counties including Williamson County, Travis County, and Hays County, you will receive your tax appraisal notice sometime during the month of April. Once you receive the notice, how do you know if the appraisal district’s valuation of your house is fair and represents the fair market value?
The first step is to determine what the market value of your property was on January 1st. If you’ve owned the property for more than one year, you’ll want to contact your Realtor and have he/she pull comparable sales of similar properties and possibly even complete a market analysis on your property. If you don’t already have a Realtor, you can call me to help you with this. I offer this service at no charge to homeowners. If you recently purchased your property through a normal sale (not a foreclosure or short sale), the price you paid for the property could easily be considered “market value”. In that case, having your closing documentation handy gives you the best chance of getting the tax appraisal value lowered to what you paid for the property.