In a moment I’ll introduce you to the state champion, as proclaimed by me, who excels at this treacherous appeals process.: “You’ve got to know when to hold ‘em, know when to fold ‘em. Know when to walk away and know when to run.”Protest through binding arbitration
The other is binding arbitration. Here’s the cost and risk: If your property is a homestead residence or other qualified property worth $500,000 or less, you pay $450 to register.If you lose the arbitration, you don’t get your money back.refunds all but $50 as an administrative fee. And, of course, your appraised value gets knocked down.
The winner is determined this way: whichever side gets an award closer to their wished-for number is victorious. The goal is to get 51% of the spread between the two. I’ll never forget receiving that letter announcing that my hearing was canceled, which meant I not only got my deposit back, but I also got my value lowered.— defined as the art of pursuing a dangerous policy to the limits of safety before stopping. I’m staring at the appraisal district and their people are staring at me. Whoever blinks first loses.Let me introduce Beverly Henley of Corinth.
Meet Beverly Henley of Corinth, a property tax hero. The Denton County homeowner latched on to a risky way to lower her property value year after year. She saved thousands of dollars. She shares tips. Her record is an astounding 6-0.
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