Collecting comprehensive data about your property is foundational to building a strong case. This includes recent comparable sales (comps), property condition reports, and any factors that might affect its market value.

Key Information to Gather:

1. Property Characteristics & Condition

• Review the property record card from the appraisal district to ensure accuracy in square footage, lot size, and property features.
• Document any structural issues, deferred maintenance, or unique conditions that negatively impact your property’s value.
• Take clear photos of any physical damage, outdated features, or needed repairs to justify a lower valuation.

2. Comparable Sales Data (Comps)

• Obtain recent sales data of similar properties in your neighborhood (preferably from the last 12 months).
• Ensure the comparable properties have similar characteristics, such as size, age, and condition.
• Consider price per square foot as a benchmark, adjusting for differences in features like upgrades, renovations, or lot size.

3. Cost Approach (Replacement Cost Analysis)

• This method estimates the cost to replace the property with a similar one, adjusting for depreciation and obsolescence.
• Useful if the appraiser overestimates your property’s effective age or fails to account for depreciation.

4. Property Tax Exemptions & Special Considerations

• Check eligibility for exemptions like Homestead, Over-65, Disabled Veteran, or Agricultural Use, which can significantly lower taxable value.
• Review any zoning changes, floodplain designations, or environmental restrictions that might affect marketability.

By gathering this data, you can identify whether your property has been overvalued and prepare a compelling argument for a reduction. These details serve as the foundation of your protest strategy and can significantly impact the outcome of your appeal.