Property Tax Questions & Answers

Partial Client List

Accesso Partners, LLC
AEW Capital Management
AIMCO
Allied Fittings
Altair Strickland
AmeriMex Motor & Contros
Amiran Capital
AMRED
AOS Properties
Aque Investment Group
B Properties
Baybrook Storage
BBVA Compass
Beechnut Limited Partnership
Benjy Levit
BMS Management
Briarwood Baytown
Brien Wolf Corp
BullsEye Storage
Burgess Manufacturing
Camden Property Trust
Capital Commercial Investments
CB Richard Ellis
CFC Real Estate
Clay Properties
Community Houston Concepts
Critical Mass Holdings
Cushman & Wakefield
Davis Development
DNP Investments
Donya LLC
Dwayne Henson Investments
Dyad Constructors
Eastgroup Properties
Evergreen Real Estate
Forest Financial
Fuller Realty Partners
Gables Residential Trust
Gay Engineering
GE Capital
GKL Interest
Goodman Manufacturing
Great Point Investors
Griffin Partners
Gulf Coast Commercial
H K Fine Properties
Hai Du Duong
Harbour Group International
Harry Reed & Company
Hercules Transport
IMH Financial
Insite Commercial Real Estate
International Cellulose Corp
InterCapital Real Estate
Jermar Company
JRK Residential America
KF Residential Investor
Kuans Inc
L K Industries
Lee Partners
Martin Fein Interests
Marwood Texas Group
Means-Knaus Partners
Mid-America Apartment Communities
MM Properties
Navisys Group
NICPA Holdings
NRP Group
Olshan Lumber Co
Orion Real Estate
Oteco Inc
Pearl Hospitality
Pipeline Realty Ventures
Prologis
Proterra
Pryzant Management
Savage & Browning LLC
Security Self Storage
Sendera Investments Group
Shorenstein Properties
SIG
SIMI Investments Co
Terramark Development
Texas Screw Products
The Howard Hughes Corp
Toro Properties
TriStar/Southwest Management
Two Talents Inc
Unilev Property Management
US Bolt Manufacturing
Vestcor
Wells Management Company
Westco Property Management
Wulfe & Co
Young AAA Family Ptnr
Zenith Capital Group

How experienced is R&A?

R&A has a highly experienced staff.

  • The average experience for an R&A team member is 22 years.  
  • Our staff consists of 4 Licensed Senior Property Tax Consultants.  Their average experience is over 31 years.

Our clients can rest assured that their real estate tax matters are in good hands.

What fee structures are offered?

Rainbolt & Alexander, Inc maintains flexible fee agreements with our clients.  Clients can choose from 4 different fee structures depending on their individual preference:

  • Performance Fee – fee is based on a percentage of tax savings achieved
  • Flat Fee – an annual amount tailored specifically for each property
  • Blended Fee – combination of a Performance Fee and an Administrative Fee
  • Hourly Rate

When is the deadline to protest my property taxes?

The deadline in Texas is the later of May 15, or 30 days after the appraisal district sends the notice of assessed value.

Please contact us if you have a question about another specific property tax deadline.

How does the Texas property tax system work?

The property tax system in Texas consists of three main parts:

  1. Appraisal Districts – Each county has an appraisal district which is responsible for establishing the value of property each year.
  2. Appraisal Review Board – This board of citizens hears any disagreements between a property owner and the appraisal district about property valuations.
  3. Local Taxing Units – County, City, School, Junior College, and Special Districts determine the amount of money they will spend by adopting a budget.  Then, they set tax rates that will raise the necessary revenue to fund the budgets.

The property tax year can be broken down into four main parts:

  1. Appraising Taxable Property – A major function of appraisal districts is to determine what your property is worth as of January 1.
  2. Protesting the Appraised Values – The Appraisal Review Board begins to hear protests in mid-May from property owners who believe their property values are incorrect.
  3. Adopting the Tax Rates – Tax Rates are adopted around August or September by the elected officials of each taxing unit.
  4. Collecting the Taxes – Collecting taxes begins around October 1 as tax bills are sent out.  Taxpayers have until January 31 of the following year to pay their taxes.  Penalty and interest begin to accumulate on February 1.

What is Unequal Appraisal?

Unequal appraisal occurs when similar properties are assessed differently, and is a common argument made by the protesting party in appeal hearings.

Section 41.43 of the Texas Property Tax Code provides the basis for an appeal on unequal appraisal and is as follows:

“a protest on the ground of unequal appraisal of property shall be determined in favor of the protesting party unless the appraisal district establishes that: the appraised value of the property is equal to or less than the median appraised value of a reasonable number of comparable properties appropriately adjusted.”

It’s past the protest deadline but I never received my value notice. Can I still protest?

Yes.  Section 41.411 addresses the issue “Failure to Receive Notice” and allows for a protest to be filed:

§ 41.411. PROTEST OF FAILURE TO GIVE NOTICE. (a) A property owner is entitled to protest before the appraisal review board the failure of the chief appraiser or the appraisal review board to provide or deliver any notice to which the property owner is entitled. (b) If failure to provide or deliver the notice is established, the appraisal review board shall determine a protest made by the property owner on any other grounds of protest authorized by this title relating to the property to which the notice applies. (c) A property owner who protests as provided by this section must comply with the payment requirements of Section 42.08 or he forfeits his right to a final determination of his protest.

What’s the difference between “Appraised Value” and “Market Value” for a residential property?

“Market value” represents what the appraisal district believes your home could be sold for on the open market as of January 1.

“Appraised value” is the actual amount that taxes are levied against to determine how much you pay in property taxes.  The appraised value is less than the market value in the event that an appraisal cap limit annual valuation increases to a maximum of 10%.

PARTIAL CLIENT LIST
InterCapital Real Estate – International Cellulose Corp – Jameson Commercial Brokerage – Jermar Company – JRK Residential America – KF Residential Investor – Kirkwood Properties – Kuans Inc – L K Industries – Lee Partners

Regulated by The Texas Department of Licensing and Regulation, P. O. Box 12157, Austin, Texas 78711, 1-800-803-9202, 512-463-6599; website: https://www.license.state.tx.us/complaints.