Any have recommendations on property tax protest services for Denton County? There's a ton of services out there, but want one that's reputable and effective.
fc2112 said:
What basis do you have for thinking your property valuation is incorrect?
gabehcoud said:
in case you haven't been following, tad was hacked again. this time being held for ransom. complete s show. wouldn't expect tax notices any time soon.
Fenrir said:
Sounds like your previous year appraised value went up more than the 10% the homestead cap allows. Your taxable value last year was capped at the previous year + 10%. This year your appraised went down but not lower than your previous year taxable so taxable value still went up.
Example with round numbers for easy math
2022
Appraised Value - 200,000
Assessed/Taxable Value - 200,000
2023
Appraised Value - 280,000
Assessed/Taxable Value - 220,000 (can only go up 10% of previous year appraised)
2024
Appraised Value - 260,000
Assessed/Taxable Value - 242,000 (can only go up 10% of previous year appraised)
I prepaid my taxes for the next ten years, but they probably lost the record of that.nai06 said:gabehcoud said:
in case you haven't been following, tad was hacked again. this time being held for ransom. complete s show. wouldn't expect tax notices any time soon.
It'd sure be a shame if they just deleted everyone's property tax bills.
Yes. The gap between market and capped value is based on your homestead exemption. Next year, your market value may not change but your taxable value will increase the maximum statutory amount and the gap between the two values will narrow.CoppellAg93 said:
Someone please help me out because I'm grossly uneducated on this topic ....
My appraisal showed a 2024 Appraised Capped Value and a 2024 Market Value (which was $105K higher that the first number).
Is the capped value the one I pay taxes against?
TIA
FTAco07 said:Yes. The gap between market and capped value is based on your homestead exemption. Next year, your market value may not change but your taxable value will increase the maximum statutory amount and the gap between the two values will narrow.CoppellAg93 said:
Someone please help me out because I'm grossly uneducated on this topic ....
My appraisal showed a 2024 Appraised Capped Value and a 2024 Market Value (which was $105K higher that the first number).
Is the capped value the one I pay taxes against?
TIA