In Texas there is no state income tax, making property taxes the primary financial resource for governmental entities. Therefore, it is important for the taxpayer to understand the nature of property taxes in Texas. According to Texas Constitution there are five basic rules regarding property taxes:
Levied by counties, cities and school districts, every local appraisal district has to put a value to each property in its appraisal area by using the “Mass Appraisal” method. This method means that appraisal districts don’t have the personnel to comb through all of their valuations every year to check for over-appraisals, leaving that responsibility to you – the taxpayer.
If the taxpayer disagrees with their property taxes and believe they are entitled to property tax relief, they are able to challenge their appraisal district for the following reasons:
Filing a protest in Texas must be done by May 31 of the current tax year, or 30 days after receiving their Notice of Appraised Value, whichever is later. Taxpayers first have the opportunity to seek property tax relief through an informal hearing with their appraisal district staff.
If there is no resolution, they are able to seek property tax help by presenting their assessment case to the Appraisal Review Board (ARB) once per year. If the ARB’s ruling is not acceptable to the taxpayer, they have the right to seek property tax relief from judicial review.
With Resolute, we will file the protest, and have the informal and formal hearing for you, so you don’t have to worry about it.
Tarrant Appraisal District (TAD) is a political subdivision of Texas that is responsible for establishing and maintaining Tarrant county appraisals for property taxes for all commercial and residential property in TAD. The Tarrant Appraisal District is governed by a board of directors selected by the taxing entities in the Tarrant Appraisal District. The Tarrant Appraisal District is different than the Appraisal Review Board (ARB) in that the ARB has no role in daily operations of the appraisal district. Its function is to hear and resolve taxpayer property tax protests, determine challenges from the taxing units, make property tax exemption determinations, and correct property tax motions. The Tarrant Appraisal District was established in 1980, and on average deals with 105,000 protests per year.
Please feel free to contact us at any time regarding your property tax negotiation. We are happy to help you with all of your property tax needs.