Texas Property Tax Protests: A Complete Guide to Maximizing Savings and Fighting Overassessments
Opening your annual property tax bill can be a frustrating experience for Texas homeowners. As property values continue to rise across the state, many property owners find themselves facing increasingly higher tax burdens. What many don’t realize is that they have the legal right to protest their property’s tax appraised value—and that doing so could […]
The Impact of Natural Disasters on Property Taxes in Texas
When nature unleashes its fury on the Lone Star State, Texas homeowners face more than just immediate property damage—they often encounter unexpected implications for their property taxes. With Texas experiencing over 103 major natural disasters in the past two decades, understanding how these events affect property taxes is crucial for financial planning and recovery. Many […]
2024 Preliminary Values for Texas
Understanding the intricacies of property taxes is crucial for homeowners and investors alike, especially in a state like Texas where property tax rates can significantly impact financial planning. As the first step of the property tax process in Texas, each year the county appraisal district office calculates your home’s “market” or appraisal value. Sometimes, they […]
Understanding the Impact of Texas Legislation on Homeowners
While property taxes in Texas are managed on the local level by county appraisers and tax assessors, they are guided by laws set at the state level. So even though property tax rates in the suburbs of Houston may be significantly different from those in the suburbs of Dallas, they all must adhere to the […]
Proposition 4: A Guide to Recent Property Tax Relief in Texas
Proposition 4 was an $18 billion tax cut measure that the Texas legislature approved in the summer of 2023 and which voters approved in November. This measure was extremely popular—not only did it cut school district tax obligations for homeowners by leaning on excess state revenue, but it also introduced several long-term mechanisms that homeowners […]
Texas Votes: Analyzing Proposition 4 and Its Tax Relief Effects
Texas passed tax relief in 2023, but many homeowners aren’t sure exactly how it will play out or how to reduce their property tax bills. The initial passage caused some confusion—tax bills went out in October 2023, but the legislature was voted on in November 2023. However, the measures were supposed to be retroactive and […]
Ultimate Guide To Proposition 4 And How The New Texas Property Tax Laws Will Lower Your Property Tax Bill.
Texas homeowners have seen a dramatic increase in their property tax bills due to rising property values. Over the past decade, the median sales price of a Texas home was $326,800 up from $172,600 in 2013. This sharp increase in price has led to higher property values for tax purposes. For homeowners across Texas, higher […]
Texas Property Tax Relief: What May Change and What Will It Mean for You?
High property taxes have been a big concern for homeowners across Texas in recent years. The average homeowner faced an annual property tax bill of $3,797 in recent years—and that’s after tax relief measures like exemptions on school district taxes and caps on increased property values for homesteads. As bills kept climbing due to increased […]
What Is the Texas Property Tax Appraisal Increase Limit, and How Can It Save You Money?
Texas property tax law changes every few years. See the latest posts for the most up-to-date information. Property tax bills have been rising across Texas, but understanding the mechanics behind the statements can help you decide how to approach the issue. For example, although rates cannot be raised over 3% without a vote, property tax […]
How the New Texas Property Tax Legislation Will Impact Your Property Tax Bill
Early in July 2023, the Texas state legislature finalized its property tax cut package. These sweeping changes drastically increase property tax relief for property owners, many facing skyrocketing property tax bills because of increased values. For months, the House and the Senate have proposed numerous strategies for spending surplus revenue and addressing the growing property […]