It’s tax appraisal time again!
Homeowners, you should have received one of these in the mail this week. Before you throw it out, take a good look.
First, keep in mind this is not an actual appraisal. This is just the county’s estimated tax value for your home, which is the amount the home is taxed on. It’s not an accurate indicator of value.
Take a look at the two lines I’ve highlighted.
1) Appraised Value: This is the county’s estimated value for your home. If this value is significantly higher than the actual value of your home, you’ll want protest it. If you’re considering protesting, let me know, and I’ll send you sales information on the homes in your neighborhood that have sold recently. You can include that with your protest. Instructions on protesting are at the bottom of the tax notice. NOTE: If your letter says May 14 is the deadline to protest, that is an error. The deadline this year is actually June 13.
2) Exemptions: These are your tax exemptions which reduce your taxable amount. If this is your primary residence, 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 it’s not listed, you need to have it added. Call the tax office at (254)939-5841 or go to <www.bellcad.org/?fbclid=IwAR3MGvxfcGzPJrm0fpAVxdqs-CoW0KQXt4w4jYcU9g 89vm6vqNOavK7TdcM> www.bellcad.org
for instructions on how to apply for exemptions. DO THIS! It’s easy, free, and can save you hundreds or thousands of dollars per year.
Please call me with any questions!