Values may have dropped 10% or more in some MLS areas, even though recent data from the Austin Board of Realtors saw and overall home price increase of 1.6%.
Market value is different from taxed-assessed value. The county values your home according to the area, not the house. Hence, the value may be too high or too low, depending on size, location& amenities.
How can you determine your market value? Contact a realtor or contact a company that specializes in valuation protests.
You should already have your valuation in the mail, most receive on or before May 1st. You have till May 31st ( or 30 days from the date of valuation) to appeal.
How do you appeal? File a protest and a hearing will be scheduled.
At the hearing be prepared to present your evidence: comparables, document home condition, document home location, recently purchased homes.
Something to keep in mind at protest; the appraisal district does not set the tax rates, be polite & courteous, bring extra copies of your documentation.
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