Lets Protest and Appeal Those Increases

I know it is a shock to see the Bexar County property taxes increase so drastically. It is time to protest your property taxes. In the past I have protested just by uploading comparables and pictures of my home that showed things that still needed updating/upgrading. This has decreased my appraisal by $20k. Last year they are saying I was back to the previous years appraisal plus another $10k, so a $30k increase. Unfortunately, the dust has settled in the drastically high sellers’ market. Since houses sold for well over asking price throughout the 2022 year you are seeing the results in your property tax appraisals showing up in the mail.

I’m afraid some comps are not going to help you much because of the demand for ANY property in ANY condition last year. That does not mean you should not protest and see your comps to verify your appraisal. So far this year we are still in a sellers market, but it is just barely so we are having more negotiations and longer periods of time for listing staying on the market. To see more details about the market visit my blog HERE.

If you are thinking of selling, feel free to reach out to me!

Last year people that protest were seeing a slight decrease in their BCAD appraisal value, but if you DO NOT ACCEPT THE FIRST TIME they will come back with a second offer that is lower. This is just what I am hearing from those I had provide comps for their protest, but I can not guarantee this will be the same for this year. I know the amount of people protesting will be high, but I believe it will rely highly on the comps photos to compare your home to the upgrades in those sold. Please take this as advice not fact. *Disclaimer stated LOL*

Steps to Protest Your Property Taxes:

1. You can find your homes square footage and property appraisal on the Bexar County Appraisal District
2. If you have comps of your neighborhood note the value and property addresses that are close to or the exact square footage as your home.
3. IF COMPS NOT AN EXACT SQUARE FEET AS YOUR HOME YOU MAY NEED TO CALCULATE YOUR VALUE…
   • Using those selected properties look at the sold/sqft and note that amount. Of course, the lower the price per square foot the worse shape it is in, and vise versa.
   • Multiple one of the selected sold/sqft by your number of square footage to get as estimate of the value of your home. You can do this for as many properties you want so you can get a range of data.
4. Print out the properties that match your home best as proof of value as documentation for your appraisal district protest.
5. Be sure to take pictures of everything wrong with your home to upload for your Notice of Protest the second round.