Appraisal Notices

HOW IS YOUR PROPERTY APPRAISED:

The appraisal district is required to appraise property at market value as of January 1 each year according to Tax Code Section 23.01. The appraisers have applied generally accepted mass appraisal methods and techniques based upon the individual characteristics that affect the market value of your property. The method used for calculating land values is the Sales Approach. This method includes the careful analysis of sales that have taken place within the area that your property is located. These sales prices are then averaged in order to gain a median price per acre. This median price per acre is then applied to all properties within that area. The Sales Approach is also used for the valuation of improvements (structures permanently attached to the property). Adjustments may also occur due to appraiser field checks and aerial appraisals that are conducted by the appraisal district.

 

Click Here for the Edwards Central Appraisal District Property Appraisal Process

Below is an Example of a Notice of Appraised Value

Click the numbers below for an explanation of the referenced item

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Tax Code Section 25.19 requires the chief appraiser to send the notice of appraised value by May 1 or April 1 for residence homesteads, or as soon thereafter as possible. Appraisal Notices are not a tax bill, they are notice statement that allows the property owner to review the proposed value of their property for a given year. If a property owner disagrees with this value, the property owner has until May 31 or 30 days from the date the notice was mailed (whichever is later) to file a protest with the appraisal review board (ARB).

 

Notices of Appraised Value are sent to property owners only if:

  • The property value has increased greater than $1,000

  • The value of a property is higher than the value the property owner gave on a rendition

  • The property was not on the appraisal district's records in the previous year

  • The ownership of the property has changed

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Notice of Appraised Value Items:

The property identification number for a particular parcel that the notice was generated for

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The name and mailing address of the property owner for this parcel, please ensure that both items are printed correctly

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The proposed value for improvements (structures) that are attached to the property

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The market value of land not under agricultural special valuation

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The market value of land in agricultural special valuation

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The market value of personal property or minerals

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Total market value is the land and improvement values combined

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The value that the land is appraised at while in agricultural use or wildlife management 

The appraised value: the property value after exemptions and special valuations have been applied

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A homestead cap is a benefit of a homestead exemption and limits the increase in a property's assessed value.

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Indicates the applied exemptions that will affect the total market value of the property

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Taxing units adopt tax rates for their operations and debt payments, click here for taxing units

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The total appraised value: the value of the property with the applied value reductions such as exemptions or special valuations

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The taxable value, the value which the tax rates will be multiplied with to produce the tax amount (tax ceilings may affect the amount due)

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The previous year's tax rates, used as an estimate for the tax amount

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Estimation of taxes due, this is calculated by multiplying the proposed appraised value and each tax rate

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The year that the tax rates were frozen and the ceiling amount that they were frozen at

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An estimation of the taxes due based on the proposed appraised value multiplied by all of the tax rates

The deadline for filing a notice of protest, the protest form is located on the back of the appraisal notice

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