Expert Arbitration Services
Property Tax Arbitration Services offer a powerful solution for property owners seeking fair tax assessments. This specialized real estate service provides an alternative to traditional appeals, allowing property owners to challenge excessive valuations efficiently. A skilled property tax consultant can guide clients through the arbitration process, presenting compelling evidence to an independent arbitrator.
Unlike the Appraisal Review Board (ARB) hearings, arbitration often leads to quicker resolutions and can be more cost-effective for higher-value properties. By leveraging expert arbitration services, owners can potentially secure significant tax savings, ensure equitable treatment, and gain a clearer understanding of their property’s true market value in today’s competitive real estate landscape.
Our Arbitration service includes:
- Case Preparation: We gather and analyze all necessary data, including comparable sales, income and expense data, and market trends, to build a strong case.
- Presentation: We present compelling evidence and arguments to the arbitrator, advocating for a fair assessment of your property’s value.
- Expert Testimony: Our experienced appraisers provide expert testimony to support your case, ensuring that the arbitrator has all the information needed to make an informed decision.
- Resolution Support: We assist with the resolution of disputes, ensuring that the final decision is implemented accurately and fairly.
Why Choose The Ambrose Group For Property Tax Evaluations?
The Ambrose Group stands out as a trusted real estate company for several compelling reasons:
Experience: Our tax consultants are comprised of valuation experts with with a proven record of successful property tax appeals and reductions. Whether it’s residential or commercial, we bring a wealth of knowledge to every protest.
Expertise:Â We understand and stay current with local tax codes, the assessment process, and market trends. This knowledge coupled with our valuation expertise makes us specialists in property tax issues that are relevent to your property type.
Cutting-Edge Technology and Resources:Â Leveraging advanced technology and resources, we provide timely and efficient appraisal services. Our modern approach streamlines the process for our clients.
Client-Centric Approach:Â At The Ambrose Group, client satisfaction is paramount. We communicate clearly and are willing to explain the process, findings, and potential outcomes in understandable terms.
Comprehensive Services:Â From commercial properties to residential homes, we offer a full range of services to meet all your property tax consulting needs.
The Ambrose Group Property Tax Arbitration Process
Engaging in property tax arbitration is a time-sensitive matter, and we’ve earned our client’s trust through clear communication at every step. Our comprehensive process ensures each arbitration is thorough, precise, and tailored to your specific needs.
We begin by understanding the purpose of the arbitration—whether it’s for contesting an overvaluation, reducing tax liability, or addressing other tax concerns. The scope is defined based on your property type and specific goals.
Determine Eligibility for Arbitration
- Arbitration is available for property types such as:
- Residential properties with a homestead exemption.
- Commercial properties with an appraised value of $5 million or less.
- The dispute must involve the market value or unequal appraisal of the property.
- Binding arbitration cannot be pursued if you have already filed a lawsuit over the same issue.
Filing the Arbitration Request
- Deadline: You must file for arbitration within 45 days after receiving the ARB’s written order.
- Request Form: Submit the completed Arbitration Request Form (available from the Texas Comptroller’s Office).
- Deposit Fee: Pay a deposit along with the request. The deposit amount depends on the property’s appraised value:
- $500 for properties valued up to $1 million.
- $1,050 for properties valued over $1 million (higher deposits may apply for complex cases).
- Submission: The form and deposit must be sent to the Texas Comptroller of Public Accounts.
Seletcion of Arbitrator
- The Comptroller’s office will provide a list of qualified arbitrators.
- You can choose an arbitrator from this list or allow the Comptroller to assign one.
- The arbitrator must be independent and unbiased, with specific training in property tax law.
Arbitration Process
- Pre-Hearing Preparation:
- Gather all evidence, including:
- Comparable sales data.
- Property appraisals.
- Photos, repair estimates, or other documentation supporting your claim.
- Review the ARB’s decision and the appraisal district’s evidence to identify weaknesses.
- Gather all evidence, including:
- Hearing: The arbitrator conducts the hearing, typically in person, by phone, or virtually. Both sides present their evidence and arguments.
- You will explain why the appraised value or assessment is incorrect.
- The appraisal district defends its valuation or assessment.
- Decision: The arbitrator will issue a decision, typically within 20 days after the hearing concludes.
Arbitration Outcome
- If the arbitrator rules in your favor and lowers the appraised value:
- Your deposit is refunded (minus a $50 administrative fee).
- The appraisal district must adjust the property value accordingly.
- If the arbitrator rules against you:
- The arbitrator’s fees are paid from your deposit, and you do not receive a refund.
Binding Nature of Arbitration
- The arbitrator’s decision is final and binding for both parties.
- No further appeal is allowed through arbitration or the courts, except in cases of procedural errors.
FAQ About Property Tax Arbitration
What is arbitration
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Contact Trusted Real Estate Consultants
We live by our motto: “Everything we do is driven by the relationship, not the transaction,” and we mean it. Whether you have a question about our services or need expert advice, we’re here to help. Please fill out this small form, and we’ll be with you shortly. For more information, contact our real estate firm.