Dallas-Fort Worth Real Estate Investor Club

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!

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

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

Happy Investing!

Cindy