Normally each appraisal district mails new property tax notice of the appraised value around May 1st of each year. However, if the value is not increased, then no notice is mailed.
This means that many homeowners will miss the "trigger" provided by the normal notice letter and forget to file a property tax protest.
Even if your appraised value is the same as 2010, you may still be over-appraised compared to the current market and what similar homes are selling for at this time. The market and home values seems to continue to decline in many markets, and we do not feel that the appraisal district values truly reflect this disappointing trend. Many appraisal districts will likely leave values unchanged even in light of this decreasing market, and homeowner should be cognizant of this gap in values that could result in reduced taxes if they take appropriate action and do a property tax protest.
Call Wade Carlson at 972-591-4747 or at http://www.dfwptr.com/ for more information and questions. Follow us on Twitter at http://Twitter.com/DFWPTR
