Appraisal Districts determine property taxes.
Typically property tax rates are set by school boards, city boards, and county legislatures, but not by the Appraisal District. Each board determines the total amount of taxes it needs to raise, and then divides that number by the total taxable assessed value of the jurisdiction to determine the tax rate. Your share of the tax is calculated by multiplying the tax rate by your property’s assessed value minus exemptions.
Appraisal Districts are responsible for determining your property’s assessed value. In order to do this, the appraiser estimates your property’s market value (the price it would sell for in the real estate market).
The Appraisal District also performs other functions, such as processing exemption applications and keeping track of the local real estate market, but the Appraisal District does not determine your tax rate.
Taxes are high because of appraisal value.
It’s important to distinguish between taxes and appraised value. If you feel your taxes are too high, you should take that up with the city board, school board, or other governing authority that is determining tax levies and setting the tax rates. If you feel you appraisal is too high, there are administrative and judicial processes where you can seek to have your appraised value lowered, such as appeal the value to the Appraisal Review Board.
Appraised value should be based on market value, and if you feel your appraisal is too high, your first step in confirming that is to determine your property’s market value. The best way to do this is to look at the sale prices of similar properties in similar neighborhoods.
If you still feel that your value is too high, we recommend that you informally discuss your concerns with an appraiser. More information on the grievance process is available from the Appraisal District.
I have to be 65 to get the Homestead exemption.
All Texans who own and live in their home, mobile home or farm home are eligible for the Homestead exemption tax cut on their primary residence. There are no age or income limitations with the Homestead exemption.
Applicants over age 65 are eligible to receive an Over 65 exemption. Applicants need only be 65 years of age as of December 31 of the year in which the exemption will begin. If you think you may be eligible, please contact the Appraisal District for more information.