Stone Oak Client Update | April 2022
Property Tax Time - What to Do?
The Travis County Appraisal District has released appraisals to homeowners across Austin, and expectedly, home values are way up.
The data this year shows the median home price in Austin now sits at $632,208. Up from $413,403 in 2021 and $354,622 in 2020. That represents an increase of 52.9% in just the last year. Congratulations if your property has appreciated alongside this crazy market!
One thing that comes with this rise in value though, is the rise in property taxes. We expect a lot of homeowners this year to be surprised at the size of their tax bill for their property. As a property owner, you have actions you can take that can greatly help you reduce this amount owed for your property taxes every year!
We encourage clients of Stone Oak Property Management to protest their property taxes, and have negotiated a deal for our clients with our partner, Home Tax Shield, when you set up the protest through us. The cost of the service is contingent on savings they are able to obtain for you so if they don’t save you any money you don’t pay! We are able to assist our clients with working with Home Tax Shield, we just need the owner’s approval to do so.<...