By Christine Mwangi
By now most home owners have received their property tax appraisals. Most residents in the Dallas-Fort-Worth Metroplex will be irked by the increase in taxes, even though it was expected.
With any growth and development, there is a demand for housing. This is evident with the new housing, multi-family and commercial construction sites in the DFW Metroplex. According to a report by the Texas A&M Real Estate Center, as of March 2017, the average sales price In the Dallas- Fort-Worth Metroplex rose 11.99 % Year over Year.
As some of you may be still appalled by your appraisal notices, you may be able to contest. You have until May 31st. 2017 to submit a contest to your Central Appraisal District. The tax rates are not established until September 2017. Below is a guide to contest your appraisal;
- Find out the comparable home sales in your area. Your real estate agent may be able to provide and review with you a free Comparable Market Analysis (CMA). Your Central Appraisal District (CAD) may also be able to provide you with a CMA
- Review your Comparable Market Analysis (CMA) and determine whether your home’s value.
- If you do disagree with your appraised home value and have the Comparable Market Analysis (CMA) to support, submit your contest to your Central Appraisal District. The deadline to file your contest for consideration is May 31 2017.
If you’re still thinking about contesting that appraisal, file soon. The sooner you file, the sooner you get your place in line and receive a decision.
Curious about what your home is worth? Find out for free.
For any questions about home ownership please feel free to reach out to me.
Christine Mwangi is a licensed REALTOR® in Texas and Certified Home Marketing Specialist.