Residential Property Tax Protests for 2012

DFW area home sales as of late 2011 were down less than 1% from a year ago in an estimate done by the S&P Home Price Index.  This is a broad brush for residential sales prices but it suggests that assessment values can continue to be reduced in a property tax protest.  An analysis of sales comparables in your neighborhood of like kind with property adjustments must be utilized to obtain a indication of fair market value.

In a property tax appeal a second protest which is different from fair market value can be filed also named a "Fair and Equal" argument.  This is a sample of like property tax assessments appropriately adjusted to the subject to indicate a median level of value.  Should a conflict between the "Fair and Equal" value and market value take place, the "Fair and Equal" valuation should preside.

Feel free to contact us and let us help you with your property tax protest.

Sincerely,

Wade Carlson
State Licensed Senior Property Tax Consultant

Wade C. Carlson

Managing Partner

dfw Property Tax Reductions

P.O. Box 794006

Dallas, Texas 75379

972-591-4747    Fax: 972-591-4748

www.DFWPTR.com

http://Twitter.com/DFWPTR