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"Protesting Property Value Increases: A Step-by-Step Guide to Protesting Your Taxes"

"Protesting Property Value Increases: A Step-by-Step Guide to Protesting Your Taxes"

May 02, 2023

If you're a homeowner, you may have recently received a blue letter in the mail - the 2023 property value notice from your appraisal district. Unfortunately, many of us have seen a sharp increase in our taxes due to rising real estate values. While market values can be up as much as 21%, appraised values maxed out at 10%. So, what can you do to protest these increases? 

First and foremost, avoid any companies offering to protest your taxes for you. Instead, it's a simple process that you can do yourself in just 10-15 minutes online through your appraisal district.  You have until May 15th to protest your tax and the appraisal district may take request until May 31st,  if received timely.

To get started, go to your appraisal district's website (in my case, it's the Tarrant Appraisal District). If you don't already have an account, click the "don't have an account" button to register. Once you're signed up, it's important to note that the website can be a bit tricky to navigate - try accessing it during off-peak hours to avoid any glitches.

Once you're logged in, you should see your property listed in the top right corner of the page. Click the "My Account" button and then select "Properties" to find your account number and property type. Click on your account number to begin the protest process.

There are two ways to protest: you can either make an appointment, call, or attend a hearing in person with evidence of your findings, or you can do an online negotiation and protest by clicking the green button, which is much more seamless. With the online option, you simply determine what you believe your property value should be and submit it to the county. They'll then come back with their final settlement offer, which you can either accept or reject.

It's worth noting that the website can be somewhat difficult to navigate, so it may take some time to get used to. However, by following these steps, you should be able to successfully protest your property value without any major issues.  Contact with your questions.

9i Capital Group LLC is a registered investment adviser.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and, unless otherwise stated, are not guaranteed.  Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.