2023 DFW County Appraisals & Assessments Thread (flat fee, appraisal, bill)

[Dashakhs]

Originally Posted by callmebutter

If your appraisal is lower than your purchase price you are just going to have to live with it. You could protest and hope they give you a reduction but don't ever show them your purchase price if its over appraisal. just make the case based on comps or unfavorable characteristics about your property.

Makes sense. I think this year it makes sense to stand pat. The appraisal came back at about 12k less than our purchase price. And I don't think that includes homestead which we filed. There's a taxable value (one of thee listed, the city one out of city/County/ISD) that is exactly 10 percent less than the appraised value.

So 390 sales, 379 appraisal, and (presumably?) with the homestead, down to about 340 for the final eventual value I'll be taxed on?

Am I looking at that right?

[ilovepizza1975]

Originally Posted by callmebutter

It may not this year, but what's the downside? any reduction in today's value could impact future limitations and valuations and thus create permanent savings in future years.

Unless a homeowner is okay with their value and taxes, homeowners should protest every year. and if you don't want to do it yourself, many tax services offer to do it for no cost if they don't reduce your tax bill.

This is the first year in many years that I'm not protesting. I'm not protesting because I am selling my house later this year so I don't care anymore what its appraised value is.

I've only lost one protest so I'm halfway decent at this.

[deadwood]

Originally Posted by Dashakhs

So 390 sales, 379 appraisal, and (presumably?) with the homestead, down to about 340 for the final eventual value I'll be taxed on?

Am I looking at that right?

The appraisal cap only takes effect the year after the property qualifies for the homestead exemption.

If you bought your property last year, then the homestead exemption took effect on Jan 1 of this year and your appraised value cap will take effect next year. So if your appraised value was 379 this year, then your taxable value this year is 379, your capped value next year would be 416.9.

[Dashakhs]

Originally Posted by deadwood

The appraisal cap only takes effect the year after the property qualifies for the homestead exemption.

If you bought your property last year, then the homestead exemption took effect on Jan 1 of this year and your appraised value cap will take effect next year. So if your appraised value was 379 this year, then your taxable value this year is 379, your capped value next year would be 416.9.

I applied for HS exemption in February. Looks to be in effect but I think maybe the cap-to-raiss isn't, right?

But I still get the exemption value off the initial/top/base assessment and that's what I'd ultimately oay off of, right?

[deadwood]

Originally Posted by ilovepizza1975

I've only lost one protest so I'm halfway decent at this.

So what is the biggest refund you received?

[deadwood]

Originally Posted by Dashakhs

I applied for HS exemption in February. Looks to be in effect but I think maybe the cap-to-raiss isn't, right?

It depends upon your ownership of the property. If you owned the property on Jan 1st then yes, your HS exemption would be in effective for this year.

Since the appraised value is the taxable value the first year, the cap comes into play the second year. So next year your taxable value, regardless of its appraised value will be capped at 10% of this years taxable value.

Originally Posted by Dashakhs

But I still get the exemption value off the initial/top/base assessment and that's what I'd ultimately oay off of, right?

Right, each taxing unit will use your taxable value provided by the appraisal district. Since the amount of HS exemption will vary by taxing unit, check with your local tax collector to determine the amount each taxing unit provides for the HS exemption. So if your taxable value is 100k and the taxing grants 10K for the homestead exemption then if their tax rate is 1% then the tax you would owe that taxing unit would be $900, or 1% of 90k.

[notgreg]

Protesting assessments is such a scam. Kaufman CAD won't allow us to protest our land value due to us being in a subdivision so we pay the same amount of land taxes on 9,000 sqft as the guy who has a home on 28,000 sqft.

[deadwood]

Originally Posted by notgreg

so we pay the same amount of land taxes on 9,000 sqft as the guy who has a home on 28,000 sqft.

In their minds that is what equal and uniform means....

[Cicnod]

Well mine did not get reduced. 1st time in 6 years. They fought it and did not win.

[apple44]

I just received an email from the company that was helping with my protest.
They were able to reduce the market value of my property, but not enough to be below the tax value. So no change in my tax.

Has anybody else got their results? Any luck?