Every spring, Travis County property owners whose market value has increased by at least $1,000 over the last year will receive a Notice of Appraised Value. This notice contains three important values:
- Market value: This is the value based on what your property would sell for as of January 1.
- Assessed value: This is the reduced value of your property based on limitations provided by having a homestead exemption.
- Taxable value: This is the assessed value minus any exemption amounts. It is the value used to calculate your property taxes for each taxing unit.
If you do not receive a Notice of Appraised Value, you can view your property’s values using the property search feature of our website.
If you believe the market value of your property is incorrect, you have the right to protest that value. The deadline to file your protest for the 2021 protest season is May 17, 2021. If you choose to protest the value of your property, you can initiate the protest in one of several ways: Online, By Mail or In-Person.
The Informal Process
During the informal process, property owners who have protested their market value have the opportunity to receive a settlement offer from the appraisal district. When a property owner files their protest, they can submit evidence to the appraisal district that shows why they believe their market value should be lowered. Property owners who file their protests online can upload their evidence, review the appraisal district’s evidence, and review a settlement offer through their online accounts. Property owners who file protests will have the opportunity to discuss their evidence with a TCAD appraiser. Property owners can expect to receive a settlement offer within 10 business days of that discussion.
The informal process for the 2021 protest season is scheduled to begin on April 19, 2021 and end on June 18, 2021.
If a property owner does not accept a settlement offer from the appraisal district during the informal process, they will be given the opportunity to be heard by the Travis Appraisal Review Board (ARB).