Are You Prepared for Property Tax Season?

Property tax season is just around the corner and we understand that this time of the year can be stressful for homeowners and business owners. So, that’s why we think now is the time to remind all of Dallas’ property owners that there is always the opportunity to be prepared for a less cumbersome season.

Here are some things to keep in mind as you take your wallet out and pay your property taxes this year.

Double Check Your Property Tax Assessment

Although most property tax bills are based on accurate assessments, it’s always a good idea to double check that your property tax assessment is accurate. After all, even the county can make mistakes that aren’t worth you paying extra for.

When reviewing your tax assessment, be on the lookout for things such as:

  • Your assessed value is higher than your recent purchase price
  • Incorrect square footage measurements
  • Your Homestead Exemption and/or Over-65 Exemption is not on your property account
  • Your Commercial Property lost tenants, yet your value remained the same or increased from last year’s assessment.

These are the types of mistakes and omissions that can result in you paying more than your fair share in property taxes. Fortunately, there is a way to speak out against glaring errors.

If You Have Objections, Speak Up!

Overpaying on property taxes isn’t helpful to you at all. So, if you find any errors in your assessment, be prepared to appeal your Appraised Value. With the correct documentation and the help of a property tax consultant, you have a fair chance at reducing your property tax bill to reflect a more fair & equitable level of assessment.

Before reaching out to the county assessor, make sure to speak with your Dallas property tax consultant to ensure that you have a strong case on your hands. From there, we can help you gather the information you’ll need to help get your property’s Appraised Value reduced, which will in turn reduce your property tax bill.

Can You Pay Everything At Once?

Property tax bills usually cost property owners thousands of dollars a year. While this payment can be factored into a monthly mortgage payment, some people own their property and have to pay a lump sum come February.

If you’re worried about your ability to pay your property taxes in a single payment, now is the time to reach out to your county tax assessor. Most entities will have a payment plan in place or allow you to pay what you can prior to the due date, then pay off the rest in the following months.

For future payments, in order to avoid this type of situation, it’s always a good idea to create a savings account just for your property taxes. You can use this account to store away cash that makes paying that next property tax bill just a little less jarring.

Be Prepared to Tackle Property Tax Season with the Hegwood Group

If you have questions about your property tax assessment, now is the time to get them answered. Don’t move forward without the advice of a property tax consultant.

The Hegwood Group is a reliable firm of property tax consultants who can answer your essential questions, and help you move forward with any potential protest situations.

Contact us today to schedule your free consultation.

Financial concept meaning Property Tax Deduction with sign on the piece of paper.Tax word and 2020 number on calculator.