Real Estate World Wide
Shay Lowe
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Property Value Protest Procedures

What does that mean?

  • You will receive a new assessor’s value on your Property by May 1, 2013. The new assessor’s value reflects:
    • How the property physically existed as of January 1, 2013
    • The appraisal valuation date is June 30, 2012
    • The value is developed using sales from 1/1/20122-6/30/2012 (Could go back farther in time depending upon county)

How do I know if I should protest?

  • Remember you cannot protest your taxes only your value!
  • What do you think the property is worth as of June 30, 2012?
    • If your opinion of value is less than the assessor’s value then you should consider protesting.
    • You must be able to support that value using sales comparables from 1/1/2011-6/30/2012.
    • Make sure you look at time trending those sales as they go back further in time from the 6/30/2012 appraisal date. You may also support a change in value if the assessor does not have your property characteristics correct. Example: assessor says you have a four bedroom and you only have three bedrooms.

What is the timeline for me to protest?

  • May 1, 2013 – May 30, 2013
    • Online (depending upon county)
    • Fax (depending upon county)
    • In-person (depending upon county)
    • Mail (depending upon county)

When will I hear back from the county?

  • The assessor will make a decision and mail a Notice of Determination to you before the last working day in August.

What are my options if I don’t agree with the county’s determination?

  • You can file a written appeal with the County Board of Equalization (CBOE) on or before September 15, 2013.

 

 

*This information is not guaranteed. Please contact your county directly or a professional real estate agent for specific information in regards to your property.

Posted on April 19, 2013 at 3:51 pm by Shay Lowe

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