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Knowledge Network

Lifestyle - Knowledge Network - Real Estate
Lifestyle - Knowledge Network - Real Estate

Real Estate

Advice of property tax appeals
Some homeowners pay thousands more in property tax than they have to pay.  It all has to do with the tax-assessed value compared to the market value.

The county attempts to set their values at a market value. However, they do not evaluate comparables nor do they perform individual market analysis on every home. The county simply values your home according to the area, not the house. Meaning, the value may be too high or two low, depending on the size, location, amenities and condition of your specific home.

In Travis County, valuations are mailed in six batches in 2012 -- April 13, May 4, May 15, June 1, June 29 and July 13. Taxpayers have 30 days to appeal.

If the market value on your Travis County home is lower than your tax-assessed value, then you should appeal.  If the market value is higher, do nothing. How do you determine your market value? Use the GoodLife Team Market Snapshot to get an online evaluation of your home using real-time data from the Austin MLS. This tool is easy to use and we stand ready to answer any questions you may have regarding the data.

 
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