Do this right now with your property taxes
For those of you who own a home in Texas, every year at this time we get the bad news of our property tax notice.
It’s typically not a question if our taxes went up….it’s by how much.
If there is a bright side, we can thank our increasing property values for that.
You have until May 15th (5 days away) to dispute your taxes. This is what I would do right now if I were you.
Besides the time investment, it’s free to protest your taxes unless you want to hire a company to do so.
Oftentimes, companies don’t charge to protest your taxes unless they win.
It doesn’t hurt to protest. If your value decreases by $20,000 in the tax district's eyes that can be $600 annual savings - assuming a 3% tax rate.
If you’d like a place to start, I can help you. I’ll be able to run sales comparables for your home, like I’ve done for a few of my clients already.
Lastly, if your primary residence is in Texas, make sure you have filled your homestead exemption.
This homestead exemption saves you hundreds, if not thousands, a year in property taxes. It also puts a cap of 10% on your annual property tax values.