Construction And Design

Commercial Property Owners: Small Window for Protest Deadline

Commercial, and business personal property Value Notices, are typically mailed in the later part of March or early April. Most often, Notices of Appraised Value are typically sent only when your appraised value increases by $1,000 or more above the prior year’s value.

Whether you expect the Value Notice, or are shocked by the number you’ll see, the time to act will be short. The new statutory deadline to appeal your appraised value in Texas, is May 15th or 30 days after the Notice was mailed, whichever date is later.

Our firm files a protest for all of our client’s properties each year. Filing does a couple of important things. First, it ensures the right to a hearing later in the summer – which allows us more time to analyze and prepare a thorough case on their behalf. If we do not have a case, we simply withdraw our appeal prior to the scheduled hearing before the Appraisal Review Board.

Second, even if a property’s value did not increase from the prior year, it does not mean it was correctly valued in the first place. Fact is, if it was over-valued last year, and shows no increase, or only a minimal increase, this year, it may be over-valued.

As mentioned before, the appraisal district is not required to send a Notice of Appraised Value if the value did not increase from the prior year, in most cases. However, a property owner has the right to protest their appraised value by May 15th regardless of whether the value increased or not.

In 2017, we enjoyed a 95% success rate with a 20% average reduction for top companies in Texas. If you have questions or concerns about your commercial and/or business personal property Value Notices, please contact us. We’re happy to help.

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