Squaredeal - DIY Property tax protest

> Plano residents can expect to pay more property taxes and see a higher water bill in the upcoming fiscal year, which begins Oct. 1. > The city approved a $758 million budget that keeps the property tax rate steady, meaning residents will pay more taxes on more valuable homes. The budget includes raises for some city staff and funds for streets, parks and other projects. > Plano residents will also pay higher water and sewer rates. https://lnkd.in/dMcC72dF

Texas homestead exemptions - FAQs Q: I inherited a property which had a homestead exemption. Do I need to reapply for a homestead exemption? A: Yes, whenever there is a change to the ownership records, one has to reapply for homestead exemption. Applying is free. Most appraisal districts have the homestead exemption application online. It is a DIY. ** Don't pay anyone for this.**

Denton homeowners will seen an increase in their property taxes this year. > The Denton City Council voted Tuesday night to approve a city budget of more than $2 billion, a property tax rate increase and more utility rate increases. > The approved budget totals about $2.37 billion, up from the previous year’s $1.95 billion. > The rate increases come at a time when thousands of homeowners have been contesting high appraisal values in a city where the average home value is nearly $400,000, according to a presentation by city staff Tuesday. > The property tax rate increase will mean an additional $291 a year for the average residential property owner, according to the city. Based on the newly approved tax rate of 58.542 cents per $100 property valuation, the owner of a home with the average taxable value of about $380,000 will pay $2,223 on the city of Denton portion of their property tax bill for 2025, compared to the $1,932 assessed on a home with the average value of about $345,000 this year. https://lnkd.in/dSGi3AJC

Prorated Homestead Exemption in Texas - What is it and how to claim? Homeowners who purchased their homes after January 1st 2022 can claim their general homestead exemption for the remainder of the year. This was made possible by Senate Bill 8. Link to the bill is in the comment. To claim a pro-rated exemption: * the homeowner must be residing in that new home. i.e., it should be their primary residence. * the property should have been purchased on or after January 1st 2022. * the property cannot already have a general residence homestead for the rest of the year. i.e, if the previous owner had claimed HS exemption on it for the year, then the new owner will not be able to claim a pro-rated HS exemption for that year. * the property owner cannot already be claiming homestead exemption on another property for that year. Note that you still have to wait a year for your homestead cap to take effect.

Austin area homeowners take note: Travis CAD homestead exemption clinic - if you haven't yet applied for your homestead exemption, you can do so now. https://lnkd.in/dPV6tGrG

Do you live in or around Houston? Was your property damaged by derecho storm this year? If yes, be sure to apply for your temporary disaster exemption before September 3rd 2024. https://lnkd.in/gu9Q5nWd https://lnkd.in/gbGuQ2ia

Harris County property owners face a new challenge as commissioners prepare to raise taxes by 8% following recent storms. Critics argue that lawmakers’ tax exemptions and the increase will burden residents without addressing infrastructure needs. #texas #houston https://lnkd.in/gM_y3wem

Many homeowners miss out on this crucial benefit! Of course there are people who claim it on multiple homes!

Bell county homeowners affected by recent storm damage should apply for property tax exemption before September 9, 2024. "property owners who suffered physical damage from the tornados and windstorms on May 22nd?that they could qualify for tax relief on 2024 property taxes by means of a temporary exemption." #texas #propertytax

Free Property Tax Appeals Offered At Worth Township #illinois #chicago #cookcounty "The township will file an appeal on behalf of residents with the?Cook County Assessor’s Office. Once the appeal is filed, the township will contact residents when their appeals are filed. It takes about eight weeks to receive a letter from the assessor’s office. A record number of appeals are anticipated and numerous requests have already been filed." https://lnkd.in/dPpuTUEX