You should have received this tax appraisal notice in the past few days. If you haven’t gotten yours, you should be able to download it at www.bellcad.org <www.bellcad.org> . This is the county’s estimated value for your property, which is the amount the property is taxed on.
Take a look at the three lines where I’ve added green arrows.
1) Total Market Value: This is the county’s estimated value for your property. 2) Assessed Value: This is the value that you will be taxed on for 2022. Based on your tax exemptions, there may be a limit on how much your taxes can increase each year, so this number could be different from the Market Value.
2) Exemptions: These are your tax exemptions which reduce your taxable amount. If this is your primary residence, you should have the homestead exemption, which will show as “HS.” If you’re disabled, you should see “DV” or “DP,” And if you’re over 65, you should see OV65. If you qualify for an exemption and don’t see it, you need to have it added. Go to <l.facebook.com/l.php?u=http%3A%2F%2Fwww.bellcad.org%2F%3Ffbclid%3DI wAR32gqaoPQ3v9xIJu6njC0fuw_x8cz9bc4G2gTxLSs1Urnk6mMqsDd-q07E&h=AT0D7RcBcQUEa MO3r74qNA1szX73yrAsnoCrhFz28BS2tzXtbyCwGdA8qED3poo3P9inJrG480HjrxaP_p_8hXqhS MU02zY1jcF8SHABldhlYhQPot0iAVWP0JULrECFoQ&__tn__=-UK-R&c%5b0%5d=AT02bQPrCN-b nvm3OH82XmIAOQoMnylMao010USq9gduZ0PKyXc0uSHgOMQIcrvF-DLI9OZgZ4Iwr8dHfvvlTHMO sho-WA9vy2wlnpiHqaaZXsSvKvbOe2C6VtVynZVuqS8Rqkqofe9vxKN57msf80yLdYZAoHjxNGc> www.bellcad.org for more info. DO THIS! It’s easy, free, and can save you hundreds or thousands of dollars per year.
Please note that our actual property values have shot up over the past couple of years, so it may be difficult to win a protest this year. But if you feel like your Total Market Value is significantly higher than the actual value of your home, you can protest using the instructions at the bottom of the notice. If you’re not sure of your property value, let me know, and I can send you sales information on the homes in our neighborhood. You can include that with your protest.
Let me know if I can help in any way!