HCAD Increased my property tax by 15% with Homestead, is there anything I can do?

Status: Open
Jul 11, 2023 Views475 Answer a Question

Last year HCAD increased my property tax by 15% even with my homestead exemption. I did not realize there was a 10% cap until this year when I am protesting. Is there anything I can do to fix this?

Asked by
Consumer
Categories:
Property Taxes
About 9 months ago
You can try going to the front desk after pulling a number. Let them know you need help getting a refund on your tax bill for being charged more than the percentage allowed with a homestead exemption. The person at the front may be able to send it to someone who can it for you without the protest. They fixed a homestead exemption refund for me just by calling someone and sending he my info.If that doesnt work get with the attorney from the title company you purchased the home with to advise you.
About 9 months ago
Keep in mind that the property tax appeals process can vary based on your location and local regulations. It's essential to follow the specific procedures outlined by HCAD and meet any deadlines for appeal submissions. Being proactive and providing strong evidence to support your claim can improve your chances of a successful appeal and potentially reduce your property tax burden.
About 9 months ago
You can try to protest it.
About 9 months ago
Chris! Great question! I tend to like to hire a professional tax protest service every year to handle these matters for me! I've seen the most successes with the following 2 companies: 1. OConnor Property Tax Reduction and 2. Bettencourt Tax Advisors. You can google either one or both and I'd bet they'd be able to get you squared away! If you have any other questions or need further details, feel free to reach out! Codysellsproperty@gmail.com 346-412-6603
About 9 months ago
It's always good to protest your taxes to lower your tax liability. The deadline each year is May 15th or 30 days from your appraisal notice from HCAD. Email us at the Tax Office with any questions at tax.office@tax.hctx.net & HCAD at help@hcad.org.
source:
Harris County Tax Assessor-Collector
About 9 months ago
Protest. You may not be able to get them to come down a ton but it is very likely they will come down some.
About 9 months ago
Hello Chris. I took the liberty and looked up your HCAD information. Your house appraised value went up by 10 percent. The market value is shown higher (15 percent), but that is not the number that your tax amount is based on. Regardless, I strongly recommend that you protest the tax assessment each year.
About 9 months ago
HCAD has 2 values they place on your house. Did HCAD increase their Market Value or their Appraised Value by 15? They can increase their Market Value by as much as they want. They can increase their Appraised Value by only 10 each year. They use their Appraised Value to calculate your property taxes. HCAD uses their Market Value for property tax calculations only if it is lower than their Appraised Value. So look at last years Appraised Value and compare to this years Appraised Value. It may be 10. They may have increased their Market Value by 15. I made some videos that better help explain this and I also recorded my HCAD Protest meetings this year and last year. Text me or call me and I can get this material to you. 832-435-8647.
About 9 months ago
Yes! You can go online and protest. I would then reach out to your realtor to see if they can provide you with a market value of your home.
About 9 months ago
Hello Chris, You can fight it by filing a protest online. I have attached a link you might find helpful https://blog.squaredeal.tax/texas/harris-county-property-tax-protests/ However be careful. They can raise your taxes once they look over everything. Have a realtor do the lowest comps they can find. If theres none, you might want to pass on the protest. They have the right to raise your taxes if they think they are actually lower than they should be. I hope this was helpful.
About 9 months ago
Yes Chris there is a few things that you can potentially do1. Review Your Assessment: Start by reviewing your assessment notice. Verify that all the information about your property is correct. Remember that assessments in Texas are based on a three-year average, which might explain why your property's valuation increased.2. Conduct a Comparative Market Analysis (CMA): Have your realtor perform a CMA to find the lowest comparable sales. These 'comps' are crucial in demonstrating your home's actual market value. If there are no lower comps, it may be better to skip the protest because the review could result in an even higher valuation.3. File a Protest: If there are lower comps, you can file a protest with HCAD. You can do this online. Be prepared to present your evidence, including the comps and any other relevant information about your property.4. Seek Professional Assistance: Consult with a property tax consultant, or attorney, especially if you're considering challenging the 10 cap increase from last year. This process can be complex, and professional advice can be helpful.Remember, there is a risk when you contest your property tax. HCAD has the right to raise your taxes if they review your property and believe the valuation is lower than it should be. So, it's important to approach this process with care and a solid strategy.
About 9 months ago
Its based on a 3 year average. You can fight it by filing a protest online . However be careful. They can raise your taxes once they are looking over everything. Have a realtor do the lowest comps they can find. If there are none pass on the protest. They have the right to raise your taxes if they think they are actually lower than they should be.
Disclaimer: Answers provided are just opinions and should not be accepted as advice.
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