Dallas-Fort Worth Real Estate Investor Club

Lots of Property Tax Information

  • 25 May 2020 4:42 PM
    Message # 8992050

    There's been a lot of great information going around about property taxes here in Texas and just thought I would share some of it here.

    One of the new laws that went into effect this year is "House Bill 1313" which restricts appraisers ability to raise your property value the year AFTER you just protested it.  So if you protested last year, they cannot raise your value this year...unless there is strong, compelling reason to do so.  Here's a quick article on it.

    Fort Worth Star-Telegram Article


    The state of Texas also provides some good resources on protesting your taxes.  I attached their 2 page document for reference in case anyone wanted to read up on it.  Thanks!

    1 file
  • 26 May 2020 6:45 AM
    Reply # 8992914 on 8992050

    Good news!  Thank you for the article & pdf, Andrew.

  • 27 May 2020 11:41 AM
    Reply # 8995794 on 8992050

    I protested my house value in 2019 and my 2020 assessment is for a higher value.  I guess Collin County did not get the memo!

      Neil Aggarwal
      Property Financing, LLC

  • 27 May 2020 12:54 PM
    Reply # 8995919 on 8992050

    I called Collin CAD.  They said the effective date of HB 1313 is 1/1/2020 so it does not make any difference to the 2020 value.  It will limit the value in 2021 if I protest in 2020.

    Sounds like they are interpreting it to take another year to get higher values, but I guess we can't fight the county.

      Neil Aggarwal
      Property Financing, LLC

  • 30 May 2020 10:30 AM
    Reply # 9003139 on 8995919
    Cindy Carriger (Administrator)
    Neil Aggarwal wrote:

    I called Collin CAD.  They said the effective date of HB 1313 is 1/1/2020 so it does not make any difference to the 2020 value.  It will limit the value in 2021 if I protest in 2020.

    Sounds like they are interpreting it to take another year to get higher values, but I guess we can't fight the county.

      Neil Aggarwal
      Property Financing, LLC


    Thanks to Andrew for bringing this up!  And, thanks to Neil for updating us as to the details!

    Happy Investing!

    Cindy

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