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Showing posts from October, 2019

The Comptroller’s Duty In The Determination Of School District Property Values

When you pay your property taxes, it’s important to be aware of who works behind the scenes. You might have heard about the comptroller but never knew what their exact line of work is. In this article, we will discuss what a comptroller’s duties are. We’ll explain how a comptroller handles property values like school districts. You don’t have to be in the Texas retail business to know what a comptroller’s office does. Read on below to uncover the mystery. SCOPE OF DUTIES OF THE COMPTROLLER ACCORDING TO THE REFORMED TEXAS TAX CODE On the  Government Code 403.302 , the comptroller has control on school district property values. One of which is to conduct a study on the taxable value property of each school district. The study needs to use comparable sales to get the results. The study should make use of generally accepted auditing and sampling techniques The comptroller has to make sure the study determines the taxable value of all property. The land is considered qual...

How To Successfully File A Property Tax Appeal In Electronic Format

The Texas Property Tax Reform and Transparency Act of 2019 or SB2 (Senate Bill 2), aimed at giving Texas property owners some much-needed “tax relief,” was recently passed. Among the amendments introduced are new fees, new tax increase limits, and changes to the process of property tax rate-setting. SB2 also outlines how property tax owners can communicate with the Chief Appraiser, the appraisal district, or the appraisal review board in electronic format. This will make the process of filing a property tax appeal easier for Texas property owners. Here’s what you need to know about property tax appeals and how to file one in electronic format. PROPERTY TAX APPEALS If you don’t agree with the  appraised value of your property  or with any of the appraisal district’s decisions about it, you can file an appeal with the appraisal review board (ARB). All taxpayers have the right to do this. This also applies to those leasing properties. If your lease contract requires...