If you don’t protest, your new appraised value becomes final and your tax bill will reflect that, even if it’s inflated.
FAQ Category: Property Tax Basics
What exemptions are available (e.g., Homestead)?
Common exemptions include Homestead, Over-65, Disabled, and Veteran. These can significantly lower your taxable value. We’re happy to help you explore these options, feel free to send us a message within our website chat feature.
Why did my property value go up so much?
Rising market conditions, neighborhood comps, or county-wide adjustments can cause steep increases, but they can often be challenged.
What is the difference between market value and assessed value?
Market value is what the county estimates your home could sell for. Assessed value is the taxable portion after exemptions, such as Over65 or Homestead exemptions.
How are property taxes calculated in Texas?
Your county appraises your property’s value, then applies the local tax rate. Your local tax rate is the sum of all appraisal district’s rate. This can vary by your location and what appraisal districts your property falls within. Your tax bill = appraised value × tax rate.