Complaints about skyrocketing property tax bills are nothing new, but few people take the time to find out exactly what goes into that number. For many, fighting property taxes has not been a priority because they could ultimately write-off the amount on their income taxes. That changes this year.

Under the guidelines of the Tax Cuts and Jobs Act that was passed at the end of 2017, write-offs are now capped at $10,000. In Dallas County, that’s about the average tax bill of a home valued at $450,000.

“I don’t think a lot of people understand that and they are going to be shocked this year,” local entrepreneur and Allie Beth Allman & Associates agent Stephen White said. (more…)

Special contributor Lydia Blair with Mary Doggett, VP of National Investors Title Insurance

By Lydia Blair
Special Contributor

Property taxes are the talk of the town right now. Municipalities all over the Metroplex are proposing tax rate increases on top of the frequent increase in property values. This year’s tax bill may be a double whammy for our already steep homeowner taxes. If you’re thinking of avoiding those taxes, here is your warning.

“Texas is pretty efficient with collections or foreclosing because our property taxes are high,” says Mary Doggett, VP of National Investors Title Insurance.

Despite our strong homestead rights in Texas, you can lose your home if you don’t pay your property taxes. Rest assured that the taxing authorities will collect their money one way or another. There is no escaping it.

(more…)

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Do you own a home or commercial property in the D-FW area? Get ready for sticker shock when you receive your 2016 property tax appraisal notice – and learn how you can fight back.

Property Taxes Are Skyrocketing

Property values have soared in the past year, driving up tax appraisals with staggering increases and causing gasps across the Metroplex as homeowners open their mail. The combination of high demand and low inventory is creating a hot real estate market in many parts of Texas, which appraisal districts are using as justification to significantly raise tax appraisals.

14 Percent Increase in Tarrant County

Record-breaking property tax increases may be in store for 2016. One of the first counties to release property tax appraisal notices this year was the Tarrant Appraisal District. According to TAD, residential property values have increased a whopping 14 percent in the past 12 months.

Owners of multifamily properties could expect an even larger increase due to high rental rates and low vacancy. Apartment owners may see their property taxes rise by 20 percent or more!

How to Fight Back: Your Right to Appeal

As a property owner, you have the right to challenge your taxes to keep them low and manageable. You can file an appeal, compile evidence, and present your case to the appraisal district in order to change their valuation of your property.

Many counties in Texas are sending out property tax appraisal notices right now. Under state law, you have until May 31st to file a tax protest. You can prepare the case yourself, or hire a professional to fight on your behalf.

Call in the Experts: Hire Texas Tax Protest

Hiring a tax professional is the easiest and most direct way to appeal your taxes – and it can be the most effective. At Texas Tax Protest, our professionals build data models, review neighborhood statistics, and have expert knowledge of the appeals process.

We spend time researching the evidence in order to present a case that is accurate, effective, and organized. We win new cases about 80 percent of the time, compared to around 25  percent for homeowners who protest their cases on their own.

patrick melton of texas property tax

Patrick Melton

2016: A Critical Year to Challenge Your Taxes

The best time to appeal your taxes is right now. According to Patrick Melton of Texas Tax Protest on WFAA News 8:

2016 is “a critical year to fight… Values are up. If you fight them now, it could prevent them from compounding over time and increasing to an unbearable level.”

Watch News 8’s video segment on skyrocketing property taxes, and listen to Melton explain how to fight your tax assessment – and why you should.

Contact Us Today for a Free Property Review

By challenging property tax values, the average homeowner can save hundreds to thousands of dollars – not just this year, but for years to come. Get a free property review from Texas Tax Protest, and discover your potential tax savings. Contact us online or by calling  214-960-5590.

The deadline is fast approaching – don’t miss this opportunity. Assert your right to fight!