Investor · McAllen, TX · Member since 2015 · 6 posts · 2 votes
Hello team,
I bought a foreclosure a few weeks back which I will be fixing and selling this year. Should I still protest property taxes and use the lower taxes it as an added "benefit" to the new buyer?
In Texas you have 30 days from when you receive your tax appraisal notification to protest. The deadline for filing a protest will be on the notification.
Should you protest or dispute your property taxes?
In general, it is always good to look at the taxable value every year for your property while you still own it when the tax statement comes.
If you feel you can support a lower taxable value with sold comparables that are like your property nearby, then it is worth your time to try to dispute the value.
It is true there is a very short timeframe to schedule a time to go in and dispute the taxable value with your local property tax assessor usually and the deadline is printed on the annual tax statement.
The reality is real estate does not always go up in value.