Understanding the property tax calendar is vital for managing your finances effectively as property owners and investors in Austin. Each year, the appraisal process can present opportunities for protesting and reducing your property tax burden, which is crucial for maintaining the profitability of your commercial real estate investments. We are happy to provide this valuable resource to guide you through the process.

Key Dates on the Property Tax Calendar

Navigating the property tax calendar is essential to ensure that you don’t miss critical deadlines. Here are the crucial dates every commercial property owner in Austin should be aware of:

  1. January 1st: Property values are set.
  2. Mid-April: The Appraisal District begins sending out property value notices.
  3. April 30th: Deadline to file for exemptions.
  4. May 15th: The deadline for property owners to file a protest if they disagree with their property’s appraisal value.
  5. July 25th: Deadline for filing a late protest (if you miss the original deadline).
  6. July 31st: The Appraisal Review Board (ARB) hearing deadlines.
  7. August 1st: Tax rates are finalized by local taxing authorities.
  8. October 1st: Property tax bills begin to be mailed out.

These dates are critical for ensuring that you have the opportunity to dispute your property value, potentially saving you substantial amounts in taxes for the coming year.

Why Property Appraisal Protests Matter for CRE Investors

Protesting your property appraisal can result in a lower valuation, which directly impacts the amount of property taxes you are required to pay. Reducing property taxes can significantly enhance your cash flow, making it a valuable strategy for commercial real estate investors in Austin.

However, it’s essential to understand that the protest process requires detailed knowledge of property values, market conditions, and comparable sales in your area. Acting quickly is crucial, as missing deadlines can forfeit your chance to challenge an appraisal.

How We Can Help

We are committed to providing our clients with the necessary resources and support. If you’re unsure about how to approach your property tax protest, or if you need expert assistance in gathering comparable property data, we’re here to help. Our team can guide you through the entire protest process to ensure you meet all deadlines and maximize your potential tax savings.

We’re grateful to be part of an organization that gives us the tools and connections to better serve our clients. If you need help with your property appraisal protest or have questions about the process, don’t hesitate to contact us. We’re here to ensure your commercial investments are protected and performing at their best.