1) How do I calculate property tax savings?
All houses in Harris County are taxed on an advalerom tax system set by Texas Property Code. All that means is that the Harris County Appraisal District puts a value on your house. That value is then multiplied against the tax rate for your neighborhood. Therefore, lowering the appraised value of your house effectively lowers the taxes you will owe.
A house is noticed by HCAD at $120,000 in an area that pays a 3% total tax rate.
A successful protest by SaveOnHouseTaxes.com resulted in a new appraised value of $100,000.
$20,000 reduction x 3% tax rate = $600 tax savings.
2) How much would I have to pay SaveOnHouseTaxes for filing the protest, preparing and presenting a case for me?
As advertised, you pay us nothing in the scenario where we were not able to obtain a reduction.
In the case of successful hearing where a reduction was obtained, the contingency is 50% of the tax savings. In the example in F.A.Q.’s #1, there was a tax savings of $600.
$600 x 50% = $300
$300 would be due to SaveOnHouseTaxes.com for saving you $600 on your tax bills.
3) Does lowering my Appraised Value hurt the value of my house?
No. It is important to know the difference between your Appraised Tax Value and your True Market Value. The district uses sales that occurred from 1 to 3 years ago to determine your Tax Value. That is not the value of your house today! That is solely the value you are taxed on! True Market Value is determined by recent sales, usually within the last 3 to 6 months.
The bottom line is you can try and sell your house for whatever you think it is worth!
This is From The Houston Association of Realtors
“Tax value is not current market value, contact a REALTOR® for an estimate of a home’s market value.”
Further, most people are not considering selling their house so why be overtaxed from year to year?
4) What are the benefits of using SaveOnHouseTaxes.com?
See About Us to see top 5 benefits of using SaveOnHouseTaxes.com