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Options for continuing an appeal of your Brazoria County Appraisal District assessed value after the appraisal review board (ARB) hearing Brazoria County 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 Brazoria County Appraisal District value in excess of $1,000,000, you can file a judicial appeal. Courts want property owners to attempt to resolve disputes through the administrative appeal process. This is good public policy since it reduces the burden on the judicial system. Binding arbitration and judicial appeals share several characteristics:
Advantages of using binding arbitration to appeal your Brazoria County 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 Brazoria County 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 Brazoria County Appraisal District). Costs of engaging an attorney and expert witness can be substantial, perhaps $3,500 to $20,000 for many real estate cases. For cases involving smaller properties, consider engaging a firm on a contingency fee basis. 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 Brazoria County 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 | |