Annual Property Appraisal Protest Workshop, By Mike Villarreal
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1 Annual Property Appraisal Protest Workshop, 2016 By Mike Villarreal
2 Early law enforcement were tax assessors and collectors in Texas.
3 Protesting lowers tax value 48,520 property owners protested in 2013* 64% were homeowners 60% of challenges that participated in an informal meeting with BCAD resulted in a reduction in property values 70% of the challenges that were resolved with the ARB resulted in a reduction in property values * This figure only includes those in Bexar that showed up for their informal meeting or hearing with the ARB
4 Timeline for Protests April 23: Notices sent 1 May 1: May 31: Residence homestead application deadline 2 Deadline to file your protest Ask for an evidence package when you file your protest 1. If your assessed value is greater than $ BCAD has discretion to consider your application after May 1.
5 4 Reasons to Protest 1. Market Value 2. Equity Value 3. Denial of an exemption 4. Any other action that adversely affects the property owner Be sure to indicate the nature of your protest and cover all the bases
6 Residence Homestead Exemptions: School District County The taxable value of your homestead property can only go up 10% a year
7 2 Main Ways to Protest Home Value Market Value: What could you sell it for? How much to fix up? Equal and Uniform: What are similar homes in your neighborhood appraised at?
8 Market Value: Site-Specific Issues Verify the information the District has for your property Size Year Built Class Swimming Pool? Condition of home Needed repairs Get Estimates Pictures are worth 1,000 words
9 Market Value: Site-Specific Issues External influences can affect value
10 Market Value: Estimate your market value Find sales info on your submarket A local realtor may be able to help Current home listings can give you an idea about value Make copies of any comparable listings The closer to January 1 st the better Goal is to estimate the market value of your property less the cost to make it salable
11 RedFin.com
12 Equal and Uniform Comparable criteria is important Find houses in your neighborhood Keep a narrow age range Keep a narrow size range Similar features and class of home
13 Equal and Uniform Residential home classifications S - Superior E - Excellent V - Very Good G - Good A - Average F Fair L - Low
14 Equal and Uniform: Preparation
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16
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18 Equal and Uniform: Grid Comparable Criteria Street: Living Area: Class: Year Built: Lon Chaney 1453 F Tax Year 2015 Address Class Year Built Living Area (SF) Imp Value Land Size (SF) Land Value Total Value Land Value / SF Living Area / SF Total Value/ Living Area SF 5630 LON CHANEY DR 5602 LON CHANEY DR 5603 LON CHANEY DR 5606 LON CHANEY DR 5607 LON CHANEY DR 5610 LON CHANEY DR 5611 LON CHANEY DR 5614 LON CHANEY DR 5615 LON CHANEY DR 5618 LON CHANEY DR 5619 LON CHANEY DR 5621 LON CHANEY DR 5623 LON CHANEY DR 5625 LON CHANEY DR 5626 LON CHANEY DR 5627 LON CHANEY DR 5631 LON CHANEY DR F ,453 $106,240 13,600 $27,950 $134,190 $2.06 $73.12 $92.35 F $100, $27,810 $128,330 $2.06 $71.95 $91.86 F ,477 $109,650 11,560 $26,360 $136,010 $2.28 $74.24 $92.09 F ,666 $115,370 10,880 $25,790 $141,160 $2.37 $69.25 $84.73 F ,337 $91,320 11,560 $26,360 $117,680 $2.28 $68.30 $88.02 F ,494 $97,540 10,880 $25,790 $123,330 $2.37 $65.29 $82.55 F ,348 $92,270 11,560 $26,360 $118,630 $2.28 $68.45 $88.00 F ,309 $90,770 9,652 $24,760 $115,530 $2.57 $69.34 $88.26 F ,433 $94,480 11,560 $26,360 $120,840 $2.28 $65.93 $84.33 F ,545 $100,050 10,132 $25,230 $125,280 $2.49 $64.76 $81.09 F ,415 $96,040 10,336 $25,430 $121,470 $2.46 $67.87 $85.84 F ,659 $107,410 10,336 $25,430 $132,840 $2.46 $64.74 $80.07 F ,236 $138,890 10,336 $25,430 $164,320 $2.46 $62.12 $73.49 F ,399 $101,240 10,336 $25,430 $126,670 $2.46 $72.37 $90.54 F ,422 $101,046 10,676 $25,620 $126,666 $2.40 $71.06 $89.08 F ,334 $67,510 10,336 $25,430 $92,940 $2.46 $50.61 $69.67 F ,534 $109,090 11,560 $26,360 $135,450 $2.28 $71.11 $88.30 Improve Total Median $/SF $68.38 $86.37 Estimated Value Based on Median Ratios: $99,350 $125,492 Difference from Subject Property Assessment: -$6,890 -$8,698
19 The Informal Hearing with BCAD Arrive prepared Present an organized case You may be able to settle! If not return for the formal
20 Summary You know your home & neighborhood better than anyone. Be firm with the issues you have. Present your information in an orderly fashion. Be polite, do not lose your temper.
21 After Your Hearing Appeal Through Binding Arbitration Market Value or Equity less than $1 Million Market Value or Equity of all residence homesteads, regardless of value $500 Arbitration Fee Judicial Review Market Value or Equity Attorneys Fees & Court Costs Appeal to the State Office of Administrative Hearings
22 Useful Websites Bexar County Appraisal District Texas Comptroller Realty Websites Redfin.com realtor.com zillow.com sanantoniohomesearcher.com/san_antonio sanantoniohomesearch.com
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