What to Do with the Notice
Immediately open the Notice of Proposed Property Taxes (“Notice”) and examine its contents for accuracy. The Notice contains column headings which include:
- Taxing Authority
- Your Property Taxes Last Year
- Last Year’s Adjusted Tax Rate (Millage)
- Your Taxes This Year IF NO Budget Change is Adopted
- Tax Rate This Year IF PROPOSED Budget is Adopted (Millage)
- Your Taxes This Year IF PROPOSED Budget Change is Adopted
- A Public Hearing on the Property Taxes and Budget Will be Held
Closely review the second page of the Notice that provides the property’s market value and the ad valorem tax against the property. The Notice should clearly state the assessed value, the value of exemptions and taxable value for both the current and previous tax year.
Accuracy of Market/Assessed Value
Keep in mind that the county property appraiser assessed the market value of your property as of January 1, 2012 therefore, the value reflected is what the county property appraiser has deemed the market value of your property as of that date.
After review of the market value and exemptions, if you believe the market value of your property is unfair, you may attempt to resolve the matter with your county property appraiser and/or challenge the valuation by filing a petition to the Value Adjustment Board. The deadline for filing the petition will be the date specified in the Notice (in September 2012) and differs from county to county. It is imperative that this deadline not be missed or you will be precluded from challenging the property appraiser’s valuation through this administrative process.
As of 2009, the county property appraiser is no longer afforded the presumption of correctness in a challenge to the Value Adjustment Board. The property appraiser must prove by preponderance of the evidence that the market value was determined by complying with the statute and applying professionally accepted appraisal practices.
Accuracy of Property Taxes
If your assessed value looks accurate, however, the proposed total property tax appears high, consider attending the public hearings on proposed budget changes. You cannot appeal your tax rate through the Value Adjustment Board process (mentioned above); only the market/assessed value of your property may be appealed through this process.