Right To Appeal Property Tax Valuation
In general, owners have the right to appeal a property valuation in the state’s district court for the county in which the property is located. Some property owners additionally may have the option of appealing to an independent arbitrator if this means is made available to them. Regardless of which method is chosen, complicated paperwork, strict deadlines and attendance at hearings is mandatory. Most property owners wisely choose to work with professionals who are familiar with court appeals and other methods of protesting a property valuation.
Appraisal Review Board
The first step toward contesting a property valuation is to file a complaint with the Appraisal Review Board. If this administrative hearing does not produce satisfactory results and the property owner believes that their parcel is still valued incorrectly, then they have the option of filing an appeal. This appeal will either be heard in the state’s district court or before the SOAH.
Court appeals involving property valuations involve filing a lawsuit in the county where the property is located. Typically, there are strict deadlines by which such an action must be taken. A period of 60 days from the date of decision by the Appraisal Review Board is common. Accordingly, it is important to take swift action.
In some jurisdictions, it is possible to ask for binding arbitration in lieu of court appeals or appeals before the SOAH. This alternative is not available everywhere, but like the other options, the process nearly always involves strict deadlines. An independent arbitrator is appointed to hear the case. That arbitrator renders a decision at the conclusion of the proceedings which is binding on both parties.
Property Tax Protest Options
Several appeal options are available to industrial and commercial property owners when they don’t agree with the value that the appraisal district sets. When a hearing before the Appraisal Review Board does not yield the desired result, then the property owner has several appeals options to consider. Because of the paperwork, time and legalities involved at every step of the process, it is critical to work with a company like Assessment Technologies from the earliest stages. With their assistance, busy property owners have much better chances of making a successful appeal that substantially reduces their property tax burden.