All hearings are determined by the market value, and the time dedicated to filing a protest and preparing for the hearing remains consistent, whether the appraised value is capped or not. We charge based on the greater of:
1. The difference between the noticed and final appraised value, multiplied by the prior year's tax rate, and then multiplied by a contingency fee.
2. $5 for every $1,000 reduction in market value in cases where the account is appraised as limited or "capped."
Fee Examples:
Contingency Fee Calculation: (1 Above)
Initial Appraised | $700,000 |
Final Appraised | $650,000 |
Reduction in Value | $50,000 |
Tax Rate | 2.00% |
Tax Savings | 1,000 |
Contingency % | 40.00% |
Contingent Fee | $400 |
Market Fee Calculation: (2 Above)
Initial Appraised | $700,000 |
Initial Market | $800,000 |
|
Final Marked | $750,000 |
Reduction in Value | $50,000 |
Market Cut Fee ($5 per $1000) | $250 |
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