Understanding CMAs: Not Just Country Music Awards, But Your Real Estate Edge in Texas
When someone says CMA, many will think County Music Awards. In the world of real estate, CMA stands for “Comparative Market Analysis.” It’s a report prepared by a real estate agent that compares your property to similar properties in the marketplace, helping you understand its value. One thing that can help a homeowner decide whether […]
Walk Through Time In The Property Tax Cycle
The Texas property tax system has four main phases or sets of functions that occur within certain dates: Appraisal Phase (January 1 through May 15) January 1 – April 30 Appraisal districts appraise property and process exemption applications April – May 1 Appraisal districts send notices of appraised value to property owners May 15 Appraisal […]
PTA But Not What You Think
Property Tax Administration Many parties play a role in administering the property tax system, including property owners, appraisal districts, appraisal review boards, local taxing units, tax assessor-collectors and the Comptroller’s office. Property Owner The property owner, whether residential or business, pays taxes and has a reasonable expectation that the taxing authorities administer the taxing process […]
Do You Know The Property Taxpayers’ Bill Of Rights
TEXAS HAS NO STATE PROPERTY TAX. Local taxing units set tax rates and collect property taxes that are used to provide local services including schools, streets and roads, police and fire protection and many other services. Several types of local taxing units may tax property. Texas counties and local school districts tax all nonexempt property […]
