Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 3 years ago on . Most recent reply

User Stats

22
Posts
12
Votes
Amy Lin
12
Votes |
22
Posts

Property tax protest TX

Amy Lin
Posted

Hello,

I have a property in Texas was vandalized by the previous tenants and squatters last year. I spent about 7k to restore the property back to operating condition. For this year property tax protest, could the money I used to restore the property be counted as repairs in attempt to lower the tax value?  

Most Popular Reply

User Stats

749
Posts
536
Votes
Andy Webb
  • Rental Property Investor
  • Carrollton, TX
536
Votes |
749
Posts
Andy Webb
  • Rental Property Investor
  • Carrollton, TX
Replied

You sure can, and in fact I find that right now arguing the value on the basis of condition works a heck of a lot better than using comps in most cases, since the market is sky-high right now.

One footnote: the county appraisal district sets the value as of January 1 for a given year, so the question may come up: when did you do the repairs?  If the property was in the vandalized condition at the start of the year, then you have a good argument.  If you repaired the property BEFORE the end of 2021, theoretically you do not.  Though I would try.  Good evidence for your case includes pictures of the damage and any repair estimates (if they support your case - $7k is not a huge number, so perhaps leave the bids out).

Andy

  • Andy Webb
  • Loading replies...