Is There Any Disadvantage To Me If I Appeal?

No. In fact, your local government encourages you to appeal if you sincerely question your assessment. Our taxing jurisdictions would like for all tax payers to be satisfied within the legal limits set by the state, and at the same time for everyone to be on a fair share basis. In the great majority of […]

What Can I Do If I Disagree With My Value?

An Informal Conference with an appraiser, if an agreement is not reached, then; File a written protest for a hearing before the Appraisal Review Board (ARB). You will be notified of your hearing date and time after your protest is filed. You are not required to be represented by an attorney. Evidence must be presented […]

How Is The Actual Rate Established?

After determining the taxing unit’s total budgetary needs, its elected governing body decides what actual tax rate it must levy to generate the amount of revenue needed.For example, the total assessed value of a jurisdiction is $10 million and $100,000 is needed for its budget. To fund the budget, its governing body must set a […]

What Is Market Value?

Section 1.04 of the Texas Property Code defines market value as follows: ‘the price in which a property would transfer for cash or its equivalent under prevailing market conditions if: (A) exposed for sale in the open market with a reasonable time for the seller to find a purchaser: (B) both the seller and the […]

What Is Valuation Date?

Section 23.01 of the Texas Property Code states that “all taxable property is appraised at its market values as of January 1”.

Can My Value Be Legally Based On Something Other Than Market Value?

There are provisions for valuing agriculture/timber land at production value, exemptions for homeowners, persons over 65 years of age, exemptions for disabled veterans, etc. If you value notice fails to indicate any exemptions or special valuation to which you feel entitled, please contact the appraisal district immediately.

Who Determines The Tax Rate?

FBCAD only appraises property. The local governing bodies (MUDs, School Districts, etc.) determine the tax rate.