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Options for continuing an appeal of your Denton Central Appraisal District assessed value after the appraisal review board (ARB) hearing Denton Central Appraisal District assessed values can be appealed after the ARB hearing. For properties with an assessed value of $1,000,000 or less after the ARB hearing, you can choose binding arbitration to appeal market value or a judicial appeal (lawsuit in district court). For properties with a Denton Central Appraisal District value in excess of $1,000,000, you can file a judicial appeal. Filing a judicial appeal can seem unsettling to many taxpayers. There concerns include the cost, time and effort, and possible retaliation by the appraisal district. For large accounts, judicial appeals are clearly financially feasible. For smaller accounts, engaging a firm which provides a full suite of services makes judicial appeals financially feasible. Denton Central Appraisal District has not retaliated as a result of judicial appeals. Binding arbitration and judicial appeals share several characteristics:
Advantages of using binding arbitration to appeal your Denton Central Appraisal District value after the ARB hearing include lower cost, speedier decisions, an independent arbitrator who understands valuation and the opportunity to directly address the valuation problem outside of Denton Central Appraisal District offices. Costs are lower because you do not need an attorney or an expert witness (likely to be necessary to seriously pursue a judicial appeal against Denton Central Appraisal District). The Texas Comptroller expects binding arbitration cases to be resolved in 6 months while judicial appeals usually take 8 to 18 months. The arbitrator will be licensed appraisers or real estate agents/brokers and should understand real estate valuation. Disadvantages of binding arbitration include
Property owners should seriously consider appealing the Denton Central Appraisal District assessed value after the ARB hearing. Most judicial appeals are successful. Preparing for Binding Arbitration Request for Binding Arbitration More Information on Judicial Appeals Hire O'Connor & Associates to appeal high property taxes. You pay NOTHING unless we save you money! Links & Resources | |