Homeowners should should have received this tax appraisal notice in the past week or two. If you didn’t get it, contact your property tax office at www.bellcad.org (Bell County) or https://hoodcad.net/ (Hood County).

Take a look at the three lines where I’ve added green arrows.

1) Total Market Value: This is how much the county thinks your property is worth.

2) Assessed Value: This is the value that you will actually be taxed on for 2024. This number may be different from the Market Value based on your exemptions.

3) Exemptions: These are your tax exemptions which reduce your taxable amount. If you live in your home, you should have the Homestead exemption, which will show as “HS.” If you’re disabled, you should see “DV” or “DP,” And if you’re over 65, you should see OV65. If you qualify for an exemption and don’t see it, you need to have it added. Contact your tax office for more info. DO THIS! It’s easy, free, and can save you hundreds or thousands of dollars per year.

If you feel that their Total Market Value is significantly higher than the actual value of your home, you can protest using the instructions at the bottom of the notice. If you’re not sure of your property value, let me know, and I can send you sales information on comparable sales.

Let me know if I can help in any way!

-Teresa Adams, Broker/Owner, Heights Discount Realty