WHAT DOES THAT MEAN?
You should have received a new assessor’s value on your property by May 1st 2013. The new assessor’s value reflects:
- How the property physically existed as of January 1, 2013
- The appraisal valuation date is June 30th 2013
- The value is developed using sales from 1/1/2012 – 6/30/2012 (Could go back further in time depending upon your county)
HOW DO I KNOW IF I SHOULD PROTEST?
Remember you cannot protest your taxes, only your value.
What do you think the property was worth as of June 30th 2012?
- If your opinion of value is less than the assessor’s value then you should consider protesting.
- You must be able to support that value using sales comparables from 1/1/20122 – 6/30/2012. Make sure you look at time trending those sales as they go back further in time from the 6/30/2012 appraisal date. You may also support a change in value if the assessor does not have your property characteristics correct. Example: Assessor says you have a 4 bedroom and you only have a 3 bedroom.
WHAT IS THE TIME LINE FOR ME TO PROTEST?
May 1st – May 30th. You may protest online, via fax, in person or by mail depending on the county.
WHEN WILL I HEAR BACK FROM THE COUNTY?
The assessor will make a decision and mail a Notice of Determination to you before the last working day in August.
WHAT ARE MY OPTIONS IF I DON’T AGREE WITH THE COUNTY’S DETERMINTAION?
You can file a written appeal with the County Board of Equalization (CBOE) on or before September 15th 2013.