Property Tax Myths Debunked

When you aren’t an expert in property tax law, you can be easily confused by different things you hear from others. How do you determine what’s fact and what’s fiction when you don’t understand the subject matter to begin with? At the Hegwood Group, we understand property taxes and help our clients go through the process of filing and even appealing their property assessments. Our experts are here to help you decipher fact from fiction. Here are a few common things you’ll hear about property taxes.

Myth: Protesting Your Property Taxes Could Risk an Increase

We hear this quite often from property owners. It makes sense to be concerned about this, however it is very unlikely. When you appeal your assessed property value, you and your Dallas tax consultant will attend an informal hearing to reach a settlement. During an informal hearing, the property value cannot be increased. The only time it can be is during a formal hearing in which a settlement hasn’t been agreed on. Our tax experts do everything they can to make sure that a favorable settlement is reached for our clients.

Myth: The Appraisal District Will Have to Inspect Your Property

No. The only reason they would need to is if you’re claiming that your property is smaller than what the appraisal district indicated it was. If this is the case, then they might come and measure the area to verify your claim. We’ll walk you through this if it comes to that, however it isn’t likely.

Myth: You Shouldn’t Appeal if the Property was Valued for Less Than Market Value

Property values are based on the assessed values of other properties around your property. If the market value of a home or other piece of real estate is worth more than what the assessed value is, you can still file for an appeal. Using unequal appraisal, our property tax reduction services can help you reduce your property taxes regardless of the market value of the property.

Myth: It’s too Hard to Appeal

Filing an appeal sounds scary and like a lot of work. This is where we come in. The Hegwood Group takes care of everything pertaining to your property taxes. From filing to appealing, our tax consultants do the hard work for you. We know the ins and outs of property taxes and will do our best to save you the most money we can.

Let the Hegwood Group Do Everything For You

We understand that not everyone can be an expert in property taxes, which is why we do what we do. Our consultants are here to walk you through the process of filing and even appealing your property taxes to save you the most money. Taxes of any kind are confusing and you can’t do it alone. Contact us today to learn more.

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