If you’re unhappy with the appraisal value of your property in Texas, you do have options to challenge it. Whether you’re facing higher property taxes or disagreeing with the valuation for a sale, understanding the process is essential. In this blog, we’ll walk through how you can challenge an appraisal value in Texas.
Understand the appraisal process
Appraisal values are determined by county appraisal districts in Texas. These districts assess the market value of properties for tax purposes. Appraisers rely on recent sales of comparable properties, the condition of the property, and other market trends. When your property’s appraisal is higher than expected, it might be due to inaccuracies in these factors. Before you challenge an appraisal, gather information about your property and the local market to understand the context.
Review the appraisal notice
Once you receive an appraisal notice, check for any errors in the information about your property. Mistakes can include incorrect square footage, the wrong number of bedrooms, or inaccurate details about amenities. If you spot errors, address them with the appraisal district first. If they’re corrected, your appraisal value may change.
Dispute through the Appraisal Review Board (ARB)
If the appraisal district does not adjust the value, you can file a formal protest with the Appraisal Review Board (ARB). The protest must be submitted by May 15th or within 30 days of receiving the notice, whichever is later. The ARB will schedule a hearing where you can present evidence, such as comparable property sales or an independent appraisal, to argue that your property’s value is too high.
Hire a professional for help
Sometimes, it’s helpful to hire an appraiser or property expert to present a more detailed analysis. They can provide professional insight into the valuation and present evidence to the ARB.
By following these steps, you can challenge an appraisal value, potentially lower your property taxes, adjust your sale price, or even engage in real estate litigation if necessary.
