How To Get Ready For A Property Tax Appraisal Protest Hearing - YouTube

Channel: CBSDFW

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it's the letter in your mailbox that
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most homeowners dread seeing property
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valuation notices they are now leading
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to long lines as North Texans rushed to
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protest increasing tax bills but even
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with home values on the rise there are
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some strategies to help get your
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appraisal lowered information you may
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not be aware of one's for justice
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investigator Alana Otter I know you
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found that anybody can take the steps
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you're about to share
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that's right Doug it doesn't matter if
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the value of your home went up or if it
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went down in Texas it is your right to
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fight those numbers it's the kind of
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protest mostly everyone can get behind a
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fight against rising property values
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higher values mean higher taxes which is
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why homeowners are flocking to the
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Tarrant County appraisal district armed
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with arguments if you got hit with a
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high valuation it's time to trade the
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shell shock for strategy enter Bobby Ola
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of Ola tax I'm in the business of making
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properties look bad Ola makes a living
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off protesting property taxes
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he says the trick to swaying the review
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board preparation you need to make a
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convincing argument to do that consider
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these pointers bought in the last year
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appraisers will likely match your sale
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price provide your closing statement to
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show what you paid remember this tip
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only applies to regular sales not homes
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purchased their family or foreclosure if
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you provide the figures the board could
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also match your recent appraisal that's
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what happened to Jennifer Hemingway if I
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never protest it or didn't come in I
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mean I'd be spending another thousand
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twelve thousand dollars more on taxes
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this year next Bullpups
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look for houses in your neighborhood
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with similar features and upgrades that
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sold in the last year make sure the
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house is a similar size to think within
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200 square feet of your home highlight
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the flaws in your home take pictures of
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everything that's wrong from structural
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defects like foundation cracks to
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cosmetic issues like old carpet and
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peeling paint then get estimates on
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repair costs this homeowner documented
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damage by using newspapers as a time
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stamp every page
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that you have they can make it look in a
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negative light is valuable to me before
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your hearing you're entitled to examine
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the evidence being used by the appraisal
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district so requested state law requires
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the district to hand over all
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information two weeks before your
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hearing if you request it in time if
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they bring in new evidence that wasn't
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given to you they're excluded from
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presenting that at the hearing when you
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do appear before the panel be
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professional state your case without
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emotion present your proposed appraisal
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value then explain how you reach that
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number and avoid generalizations olace
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says never repeat the following phrases
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you could buy my house for that price
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you could go ahead and buy it they hear
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that all the time and then I couldn't
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sell my house for that generalized
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statements don't work at all what does
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work the truth Jeff Taylor convinced the
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board to drop his value by four hundred
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thousand dollars just by proving his
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unfinished house is still under
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construction I'm elated I think I just
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saved about twelve thousand dollars in
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taxes every hearing is different but
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homeowners here share the same advice my
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advice would just be to protest every
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year you never know the deadline to file
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a property tax protest is May 15th if
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you've been thinking about challenging
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your appraisal you still have time so
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Doug this is an issue that's not going
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away anytime soon so it's not going away
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this year though is kind of an
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aberration because everybody got hit
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with whopper increases so take us one
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year from now right because everybody's
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in the frenzy of now how do we best
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prepare for twelve months from now when
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this comes around again it's not too
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early to start thinking about it but the
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biggest tip that I can share weight on
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your upgrades weight on any fixtures as
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long as it's not essential I don't want
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anybody's roof to fall in but wait until
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after January first because that's the
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date your home is appraised but before
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you make the repairs take pictures to
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use at next year's tax protest so we
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know that you've probably heard about
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some of these things already but it
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doesn't hurt to just refresh them some
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tips as he said in there it's the world
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of polar opposites because if the tax
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appraisal fight you want to paint the
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worst picture of your home as possible
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if you're in the position to sell in
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your home at some point it's the
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greatest home you've ever had in your
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whole
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you know one pendulum to another and it
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just depends what situation are you in
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at the time great advice and a great
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insight thank you for making a smarter
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tonight we know a lot of you guys
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probably had a lot of questions
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including what happens if you don't
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agree with the decision even after you
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protest that's one scenario Alanna is
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going to address tomorrow in our behind
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the sea behind-the-lens episode look for
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it tomorrow by clicking on behind the
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lens on the i-team section at CBS DFW
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calm