Texas Property Tax Arbitration: A Second Chance for Property Owners

Posted on:

11/06/2024

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Disappointed with your ARB ruling in McLennan or Bell County? Property Tax Help can guide you through binding arbitration as one possible solution to challenge property valuations and potentially lower your tax bill. This guide outlines the arbitration process, its benefits, and how we support both residential and commercial property owners.

Why Choose Arbitration?

If the ARB ruling wasn’t in your favor, regular binding arbitration offers a second chance to challenge your property’s assessed value and potentially reduce your taxes.

Key Arbitration Requirements:

Deadline: Must be filed for arbitration within 60 days of receiving your ARB Notice of Final Order. 
Eligibility: Your property must have gone through an ARB hearing and be valued below $5 million 
Property Types: Both residential and commercial properties are eligible for arbitration, provided they meet the valuation criteria.

Common Reasons for Arbitration

Property owners may seek arbitration for several reasons, including:

  • Discrepancies in ARB results: When the reduction is significantly less than what the evidence supports.
  • Incorrect Property Characteristics: Errors in property descriptions that impact valuation.
  • Significant Changes in the Property Market: Fluctuations that could affect property values, which may not have been considered during the ARB hearing.

Arbitration Advantages

Affordability: Affordability: Arbitration is a cost-effective option, with deposit fees ranging from $450 to $1,550 depending on your property’s market value—significantly less than typical legal fees. A successful outcome may result in much of the deposit being refunded.

Full Support: Property Tax Help takes care of all the necessary paperwork and documentation required for arbitration. We ensure that your Request for Binding Arbitration is filed on time, minimizing the risk of missing critical deadlines. 

Steps to File for Arbitration:

Submit Your Request: Property Tax Help will file your Request for Binding Arbitration within 60 days of the ARB order and make the required deposit.
Arbitrator Selection: If an informal agreement isn’t reached within 45 days of filing, the Texas Comptroller will appoint an arbitrator.
Hearing Format: Property Tax Help will represent you during the hearing to ensure your case is presented effectively.

Final Thoughts

You don’t have to settle for an unfavorable ARB ruling. Arbitration can help reduce your property tax bill, and many clients see substantial reductions. With Property Tax Help by your side, you can navigate the process confidently and effectively.

Take Action NOW

At Property Tax Help, we’ll manage the entire process—from filing to presenting your case—to ensure the best outcome. Contact Property Tax Help today by:

  • Filling Out Our Contact Form: Send us your questions/concerns.
  • Call (254) 640-0057: Personalized guidance.
  • Share this post: Help others unlock Texas property tax savings.

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Written by: Pat Musgrave

Patrick Musgrave is licensed in Texas and Tennessee to represent taxpayers in property tax disputes and negotiations. Pat has over 40 years of experience and holds a CAE designation from the International Association of Assessing Officers attesting to his ongoing commitment to professional education and expertise.

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