It was a standing-room only crowd last night at the Town Hall Meeting hosted by the City on assessed property values. The program was presented by Patricia Davis, Chief Appraiser, Rockwall Central Appraisal District. If you missed it, here are key takeaways:
- It is state law that appraised property values be based on market values.
- That means current home sales data provides the foundation of setting such values.
- Our market has experienced record-breaking home sales during the past several years; the demand has placed an upward pressure on sales values.
- Homeowners are able to protest their values. The deadline for doing so in 2016 is May 31.
You can get all the information for filing at protest at: http://www.rockwallcad.com/
Learn more about the property tax system at: http://comptroller.texas.gov/taxinfo/proptax/basics.html