Arbitration: A Texas Taxpayer’s Last — and Best — Resort!
The Appraisal Review Board has entered its Order. Now it’s your turn to get what you deserve!
Binding Arbitration is your last resort to get the taxable value you deserve. It’s also your best resort because it’s played on a field tilted in your favor. My company Property Tax Protest (www.propertytaxprotest.com) offers it risk free. Sign Up.
In 2009 all the cases we took to Arbitration were successful. Arbitration reductions ranged from $14,010 (where the Appraisal Review Board had granted zero) to $74,000 (where the Board had granted $7,930) and our clients’ aggregate reductions from Binding Arbitration were more than three times the reductions previously granted on the same properties by the Appraisal Review Boards. Sign Up
Here are two examples:
- For a Tarrant County owner the ARB reduced his $801,000 Proposed Value to $723,000. Through Arbitration that value was further reduced to $700,000, saving a total of about $ 2,500 in first year taxes — and likely more when subsequent years are considered.
- For a Dallas owner we obtained a $7,930 reduction from the Board to $469,000. Through Arbitration we further reduced it by $74,000 to $395,000, saving about $2,000 in first year taxes — and likely more when subsequent years are considered.
Each taxpayer invested $500 that was placed on deposit with the Texas Comptroller. There was no risk because Property Tax Protest is obligated to refund the difference between the deposit and the owner’s actual tax savings from Arbitration. Sign Up
Arbitration is available for single-family homesteaded properties and for commercial properties up to $1,000,000 in value. Filing deadline is 45 days after receipt of the Order from the ARB. Arbitration is played out on an uneven playing field tilted in the taxpayer’s favor because if the arbitrator – who is not known to the District in advance – arrives at a value closer to the taxpayer’s than to the District’s then the District must pay the $500 fee. Most Districts will compromise rather than risk the fee. Sign Up
Those taxpayers who ignore Binding Arbitration may end up paying more than their fair share. Sign Up
