25.25d - Appraisal Correction
Ensure Tax Savings
Each year, property owners in the state of Texas will receive an appraisal for the tax liabilities of their property. If the appraisal and subsequent tax liability is believed to be over appraised, a property owner can file an appeal with the Appraisal Review Board (ARB) before May 15th. If an appeal is not filed by that deadline, a property owner can still file for a correction under section 25.25(d).
Section 25.25(d) is truly a property owner’s “last chance” for tax relief in any given tax year, and our experienced team will fight for a correction that represents fair and accurate tax liability for your property. This filing does require the property owner to pay a 10% penalty, but most Paradigm clients still receive a surplus when filing this corrective motion that supersedes the penalty cost. This correction must be filed before January 31st of the following year.
Extended Time for Overvalued Properties
For properties that have been overvalued due to an error, Section 25.25(d) extends the time to challenge the appraised value; however, it is subject to certain limitations. You still may have options to ensure property tax savings if you:
- Did not receive your value notice
- Did not file an appeal
- Withdraw an appeal
- Filed an appeal, but did not attend the hearing
At the ARB, property owners are required to show proof that taxes were paid timely and that the appraisal is 1/3 over in value.
Why Choose Paradigm
Our dedicated team of tax professionals has decades of experience in representing clients in filing a Section 25.25(d). We are specialists, who perform several unique tasks to ensure a positive outcome for our clients, including:
- Detailed income analysis
- Market insights
- Evaluate reductions for tax liability