Abilene, TX · Member since 2017 · 8 posts · 9 votes
I have purchased multiple properties near Abilene tx for about $15,000 each (some of them need a lot of work, some of them are decient). However their taxes assed value are all above $50,000.
So my question is, can someone provide a step by said process on how to argue a lower tax amount . Also what forms will I need to prove my case to get the taxes lowered.
1. Fill out the Form saying you want to Protest the taxes. Form should have come in the same letter notifying you of the Tax Appraisal District proposed Tax Value for the current year. NOTE: Unfortunately, you are too late to protest this year, as the last date to protest has already passed. (Typically May 15th).
2. Send in the Form with your Estimate of the value. If you recently purchased the property, enclose a copy of the Closing Disclosure (used to be called HUD-1 Closing Statement) with a Note referencing the Purchase Price on the Closing Statement. In most cases, this should serve as Bonafide Proof of what the Property is Worth, as it reflects what a willing Buyer and a Willing Seller agreed to on the property - thus that is the textbook definition of Value.
3. Unless you have done serious upgrades to the property, the Closing Disclosure most likely would suffice for you to protest next year as well.