AUSTIN, Texas – Notices of Appraised Value for the 2024 tax year are on their way to Travis County property owners and updated market values will be posted on the Travis Central Appraisal District website (traviscad.org) in the coming days.

Appraisal notices are being mailed to 424,064 Travis County property owners beginning this week. The notices include the market value assigned to a property as of January 1 and the taxable value of that property based on its exemptions.

According to Chief Appraiser Leana Mann, “Property owners will be receiving their 2024 Notices of Appraised Value over the next few weeks. This is the perfect time to check on your exemptions and learn more about the protest process.”

Overall, the Travis County appraisal roll increased 5.8% to $488 billion, led by a strong performance in the commercial portfolios. According to this year’s values, the 2024 median market value for a residential property in Travis County is $551,419 and the median taxable value of a residential property is $401,806. On average, single-family residences saw market values decline by 7 percent in Travis County.

“Property owners who have a homestead exemption may see decreases in their market value, but increases in their taxable value this year,” added Mann. “In a robust market, an exemption creates a gap between market and taxable values. When the market slows, that gap shortens. Still, a homestead exemption saved the average property owner more than $1800 on their property tax bill in 2023.”

Changes in market values do not translate directly into changes in property tax bills. Instead, values are used to determine a property owner’s portion of the total tax levy. The total tax levy is determined by the budgets set by local taxing entities such as cities, counties, and school districts.

Property owners who believe their property’s market value is incorrect have the right to file a protest with the appraisal district. The deadline to file a protest is May 15 or 30 days after a notice has been mailed, whichever is later. Travis County property owners are encouraged to file their protests online through the TCAD online portal. Property owners who file via the portal can upload their evidence, review the appraisal district’s evidence, review settlement offers, and attend their informal meetings and formal hearings through their online account. Protests and evidence will also be accepted by mail and in-person at the TCAD office (850 East Anderson Lane).

The informal process, which allows property owners to receive a settlement offer from the appraisal district, will begin April 16. During that time, property owners will have the opportunity to discuss their property with a TCAD appraiser and potentially resolve their protest.

Property owners who do not accept a settlement offer during the informal process will have the opportunity to present their case to the Travis Appraisal Review Board (ARB), an independent group of citizens authorized to resolve disputes between taxpayers and the appraisal district. ARB hearings are expected to begin in June 2024.

“This year property owners will be able to complete the entire protest process online without the need to come to our office,” added Mann. “Submitting a protest, having an informal meeting, and attending an ARB hearing can all be done from the comfort of your home using our online portal.”

TCAD will be hosting a webinar on the 2024 protest process May 1 at 11:30 a.m. Registration is available at traviscad.org/webinars.

Property owners can find more information on market values and the protest process on TCAD’s website at traviscad.org.

About the Travis Central Appraisal District

The mission of Travis Central Appraisal District, in accordance with the Texas Constitution and the laws of the state, is to provide accurate appraisal of all property in Travis County at one hundred percent market value, equally and uniformly, in a professional, ethical, economical, and courteous manner, working to ensure that each taxpayer pays only their fair share of the property tax burden. For more information, please visit traviscad.org.

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