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A Guide to Understanding Ad Valorem Property Taxes

This guide provides an in-depth understanding of ad valorem property taxes, including who can assess taxes, what property taxes pay for, the agencies involved, payment options, tax calendar, law firm role, tax sale marketing, and protest procedures.

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A Guide to Understanding Ad Valorem Property Taxes

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  1. A Guide to Understanding Ad Valorem Property Taxes April 28, 2017

  2. Ad Valorem: (Latin) from the value

  3. Who Can Assess Taxes? • Cities • Counties • School Districts • Must Be in the Charter

  4. What Do Property Taxes Pay For?

  5. Real Property Personal Property Two Types of Property are Taxed

  6. Many Agencies are Involved • HCAD www.hcad.org • Taxing Units www.houstontx.gov • Tax Offices www.hctax.net • Law Firm www.lgbs.com

  7. HCAD

  8. Taxing Units Set Rates

  9. Tax Offices Generate Bills, Collect $$

  10. Payment Options • Cash • Cashier’s Check • Money Order • Credit Card • In Person, Over the Internet or Via Mail

  11. Tax Calendar • January 1 – Value & Exemptions – Lien Attaches • April 15 – Rendition Deadline • May 1 – Exemption Apps Due • May 31 – Last Day to Protest • May – June – ARB Hearings • October – Tax Bills Mailed • January 31 – Taxes Are Due • April 2 – 4 – BPP is turned over to lawfirm (actual date varies by year) • July 1 – Real Estate Turned over to Law Firm

  12. What Does the Law Firm Do? • Make Phone Calls • Mail Collection Letters • File Lawsuits • Sell Property at Sheriff’s Sale • Property Inspections • Tax Warrants & Seizures

  13. Phone Banks

  14. Mass Mailings

  15. Litigation

  16. INTERNET TAX SALE MARKETING INTERNET TAX SALE MARKETING , , Linebarger Goggan Blair & Linebarger Goggan Blair & Sampson Sampson LLP LLP The law firm of Linebarger Goggan Blair & Sampson, LLP places ta The law firm of Linebarger Goggan Blair & Sampson, LLP places ta x sale property listings online for the x sale property listings online for the benefit of the public. You can search current listings by compl benefit of the public. You can search current listings by compl eting the following form: eting the following form: www.publicans.com www.lgbs.com Tax Foreclosure Sales • Internet Sales Listings

  17. Delinquent Business Personal Property Account Field Visits • Visits made to local businesses • 150 Tax Warrants Executed (Property and Bank Account Seizures)

  18. Putting Properties Back on the Tax Roll • Struck-off April 2002 • Sold at Resale Auction in August 2002 • $5,000 Opening Bid • Sold for $43,000 • 2005 Appraised Value - $315,000

  19. Putting Properties Back on the Tax Roll • Sold at Auction in July 2003 for $7,400 • 2005 Appraised Value - $74,439

  20. Putting Properties Back on the Tax Roll • Sold at Auction in July 2002 for $10,200 • 2005 Appraised Value - $139,200

  21. Exemptions • Homestead • Veterans • Over 65 • Disability • Surviving Spouse • Over 55 (65) • Disabled Vet • Killed in Action

  22. How to Protest • Take Pictures • Gather Comps • Bill of Sale • File on Time • DON’T MISS THE HEARING!

  23. Contact Info • HCAD 713-957-7800 www.hcad.org • Harris Co Tax Office 713-368-2000 www.hctax.net • LinebargerGoggan 713-844-3400 www.lgbs.com • Tracy L. Jones 713-844-3582 tracy.jones@lgbs.com

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