Texas Property Tax Consultant Questions and Answers 2024/2025
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Course
Property Tax Consultant
Institution
Property Tax Consultant
A protest against the inclusion of property on the appraisal records for an appraisal district
on the ground that the property does not have taxable situs in that district shall be determined
in favor of the protesting party if
→ he establishes that the property is subject to the appraisal b...
How would you argue investment value in ARB for a recently sold hotel? (investment value
typically > market value)
→ Buyer is willing to pay a premium because they believe that the value will go up in
future years, however market value is as of January 1 of the current tax year. So the
value should not be based off that sale price because it was an investment, but not
reflective of the current market value, or based off the previous year.
25.25D what fraction of the corrected value will result in a reduction? What about the
→ 1/3 of the corrected value
→ 25% of the original value
Where is the Texas Property Tax Code located?
→ The Texas Constitution, Article 8
What is SOAH and what is the benefit?
→ SOAH - State Office of Administrative Hearing Appeals
→ Property value must be over $1,000,000
→ Filing deposit fee is $1,500.
→ SOAH is like litigation but without the discovery.
What are the four phases and dates of property tax calendar?
→ 1. January - May: Appraisal Phase
→ 2. May - June: Equalization Phase
→ 3. July - September: Assessment Phase
→ 4. October - January: Current Collection Phase
When is the valuation of property?
→ January 1
Late Homestead Application deadline? Max amount of years late?
When do taxing units have to set current year tax rates by?
→ September 30
When are tax bills sent out?
→ October 1
When are tax bills due?
→ January 31st following the tax year. (tax year 2022 is due Jan 31 2023)
When do taxes become delinquent?
→ February 1st
How much do you have to pay when your taxes are delinquent?
→ 7%
When is the last day to file 25.25D?
→ Jan 31st
What is PTAD?
→ Property Tax Assistance Division
What does ARB stand for and what is their role?
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