Erath County taxpayers,
On April 17, 2024, Erath County Appraisal District mailed over 19,000 Notices of Appraised Value.
As Erath County continues a strong real estate growth increase, property values have continued the same growth trend. Market Values have experienced an approximately 15% growth average over the 2023 year. The 2024 Appraisal Notices will reflect this increase in value. The increases will vary across the county, depending on market areas.
Property owners should, first and foremost, make certain that all eligible exemptions have been applied for. Those exemptions include Residence Homestead, Homestead-Over 65, Disabled Person, and Disabled Veterans. There is no charge or cost associated with the application process of these exemptions. For those wanting to apply, be sure that an application is completed and filed with our office along with a copy of the applicant’s current driver’s license and/or any additional documentation required by the Texas Property Tax Code, as noted in the last page of the application.
If your property qualifies and utilizes agricultural production activities and you have not yet received or applied for this appraisal, please visit our website for Erath County Appraisal District’s Intensity Standards for an Ag Production Appraisal and an application. The deadline for applying without penalty is April 30, 2024.
Our office has diligently worked to inform property owners of their eligibility for exemptions by sending letters to those who may qualify.
New to the Property Tax legislation for 2024, is Section 23.231, the Circuit Breaker Limitation on Appraised ValueofRealPropertyotherthanResidenceHomestead. Forqualifiedpropertyowners,thislimitationwill bereflectedinthe2024NoticeofAppraisedValue. This3-yearpilotprogramallowsnon-homesteaded properties, valued at $5 million and under, both residential and commercial, to receive a 20% circuit breaker on taxable value.
One thing for property owners to understand, is that Erath County Appraisal District is required, by law, to set property values for all properties at 100% of Market Value, as defined by the Texas Property Tax Code Section 23.01. Each taxing jurisdiction is responsible for determining the tax rate and how it is applied to the value of property.
If you disagree with the value as stated on your 2024 Notice of Appraisal Value, every taxpayer reserves the right to file a protest. The deadline for filing a protest appeal on your property is May 17, 2024. Appeal forms will be included with the notice, however, may also be found on the appraisal district website.
As always, please feel free to contact our office with any questions or concerns, by any of the methods as follows:
Phone : 254-965-5434 Fax : 254-965-5633 Website: www.erath-cad.com or www.southwestdata.com Email : info@erathcad.iswdata.com Office Location: 1195 W. South Loop, Stephenville, TX 76401
Sincerely,
Jonathan Pringle
Chief Appraiser
Be the first to comment