Information will be posted here for you to use in having your Robson Ranch home value (appraisal) reduced at the Denton County Appraisal District (DCAD). In the past, DCAD has raised most appraisals and expects for you to come talk to an appraiser. In most cases, your appraisal will be lowered, lowering you property tax for the current year. If you have not protested your appraisal the year before, your appraisal this year may be lowered by DCAD. Don't be fooled by this, you may still be able to lower the appraisal more. This year may be a bit different since resale home prices are increasing.
If you are over 65, this may be the last year you will need to protest your appraisal value. You school tax is already frozen and City property taxes will be frozen starting in 2018. It is likely that the county tax could also be frozen, but it is not enough to worry about.
In the past, I was able to post all of the resale homes sold along with thier sold price. The MLS tells me I cannot put this on a public website. But you can email any Five R Realtor and we will send all of the sales from the past year and up to now in the current year.
DCAD does post the comps they would be using. You can find the comps at the bottom of your home information on DCAD website. Some of the appraisers will let you use current year comps through April. In the past, it depends on the appraiser you get.
You do not have to have someone else do the protest for you, all you will need will be here. In fact, if you go to DCAD with nothing you probably could have your appraisal lowered. But it will be much better if you go informed. You can also have someone else put the info together for you, and someone can do the protest for you. I do not recommend the services that take a portion of the savings as compensation as much as 30%..
Robson Ranch Appraisal Value/Protest Information
Here is the approximate time line.
This year appraisal values for homes will be mailed the first week in May. The values will not be posted on DCAD website until they are mailed to the homeowner. You will have 30 days from the time the new values were mailed to meet with an appraiser or file a protest. Once you file a protest, you will have until the middle of July to meet with an appraiser. If you do not file a protest within the 30 days, you possibly will not be able to change the value that DCAD assigned for your home.
I recommend that you go early after you receive your notice. There will be very few people coming early. If you wait much later, when the time comes for you to go to DCAD,you can make an appointment with an appraiser to shorten your wait time. The number to call is 940-349-3910. A voice will tell you to leave a message. Just hit "0" to get an operator. Call at 8 -9 am on the day you want to go. Have your property ID or address ready and a time you want to come. (I think they will stil do this). They only make appointments for the day you call. The operator will give you a ticket number to give them when you check in at the appraisal office. If you have an appointment, you will go to the head of the line. When you call later in the day, you end up in a que. Last year, I went a couple of days after the new values were received. There was only a couple of people there. If you wait near the dead line, it will be very crowded.
You do not have to use the same model as yours as a comparable, but it should be close to the same square feet and lot type. You can make a lot adjustment so you can use any comp close to your square footage regardless the lot type. The lot values for all homes are available on DCAD's website. http://www.dentoncad.com/ The records in DCAD are public record. You can look at any home in Robson Ranch. Since DCAD has to treat everyone equally. If you find a home that is identical to yours, with a lower appraised value than yours, you can use that information to lower your value.
Homes sold in the last year.
Since there is no public record of the new home sales, DCAD may have obtained the sale prices from the new owners. DCAD will send a letter requesting what was paid for the home, but the new owner does not have to tell them. If you closed on a new home in the last year, DCAD will not talk to you unless you show them the closing statement showing what you paid for the home. If DCAD appraised your home you bought in the previous year for more than you paid, then take your HUD-1 to show DCAD and they will change the appraisal to that value. If DCAD has the value less than you paid, do nothing and wait until next year.
General Information for protesting
DCAD uses something called "mass appraisal" to determine the value of all homes. I have asked several time to please explain "mass appraisal". I still have no idea exactly what it is. All I know is they raised just about every value last year. DCAD makes their appraisers available and expect just over 50% of homeowners to protest. In most cases, the value was lowered. It depends on the appraiser you draw and DCAD tries to not let you talk to another appraiser if you come more than once.
It is not a good idea to go in with a bad attitude. You need to have your facts well researched and organized. DCAD only wants to use sales, but if you can find homes that are very comparable to yours that are valued lower, Texas law says everyone must be treated equally.
You do not have to use comparables that are the same model as yours, but they should be close in size. When a home is sold, the upgrades in the home affect the price. But DCAD does not have access to all of the upgrades in a home. All they have is the square feet of A/C (I know several where DCAD does not have the correct square footage). If DCAD is using a home with many upgrades as a comp to your home that does not have all of the upgrades, you need to have the info to show DCAD. Depending on the appraiser, they may or may not listen. For all resale homes sold in the previous year and up to now in the current year, contact a Five R Realtor by email. They can also have the MLS sheets so you can compare upgrades and amenities.