Comparables
This factor in considering a sales comparable uses January 1 of the appraisal year as a comparison.
What is Sale Date
This term is used for the structures on a property that add value.
What is Improvement
A uniform set of state laws governing the assessment, appraisal, exemption, and collection of property taxes, managed by local appraisal districts and taxing units.
What is Texas Property Tax Code
In Opsite the system will rate the comps. The lower the value in this column the better the comparable should be.
What is Owl Comp Score
A comparison of how the appraisal district is valuing the subject property to other properties that are similar.
What is Equity (Unequal Appraisal)
This factor is a size indicator that is only considering the 'Living Area'.
What is Improvement SF
A type of property that includes land and improvements.
What is Real Property
This section of the tax code states the appraisal district has the burden of establishing the value of the property by a preponderance of the evidence presented at the hearing. If the appraisal district fails to meet that standard, the protest shall be determined in favor of the property owner.
What is section 41.43a
This "view" in opsite is under the "Appeals" tab and shows a calendar with hearings for each county shown on each day.
What is Docket View
The tab in the property view where the AOA can be seen/downloaded.
What is Authorization Tab
This number is found by taking the raw sales price of a comparable property and adding or subtracting for important differences between the subject property and the comparable.
What is Adjusted Sales Price
The price at which a property would transfer for cash or it's equivilant
What is Market Value
This section of the property tax code states a hearing on a protest filed by a property owner/agent shall be set for a certain time and date . If the hearing is not commenced within two hours of the time set for the hearing, the appraisal review board shall postpone the hearing on the request of the owner/agent.
What is section 41.66i
When an individual property is opened, this tab gives me information such as the size of the land and improvement, legal description, UDI ownership %, and State Code.
What is Property Tab
The color the Customer evidence box turns if the customer has uploaded information.
What is Orange
Whether this factor is describing a geographical area or just similar properties that have been put together into a group it is important to stay in the same one as the subject property if possible.
What is Neighborhood
The phase of the tax calendar in which property owners (or their agents) may contest the appraised value of a property.
What is Equalization Phase
This section of the property tax code states a property's comparability to the subject property shall be determined based on similarities with regard to location, square footage of the lot and improvements, property age, property condition, property access, amenities, views, income, operating expenses, occupancy, and the existence of easements, deed restrictions, or other legal burdens affecting marketability.
What is section 23 - Appraisal Methods (23.013d)
Inside the evaluation section when looking for comparable properties this slider can be moved to adjust multiple property characteristics (like Year Built, Improvement Sf, Land Sf, etc.) at once.
What is Filters
A type of account where the ownership is split between multiple people. These accounts can be problematic in correctly figuring comparable adjustments.
What is a UDI (undivided interest)
If a property has been updated or extensively remodeled this number may be significantly different than the actual year the property was built.
What is Effective Year Built (Effective Age)
A board of local citizens that hears disagreements between property owners and the appraisal district about a property's taxability and value
What is Appraisal Review Board
This section of the property tax code states information that was previously requested under Section 41.461 by the protesting party that was not delivered to the protesting party at least 14 days before the scheduled or postponed hearing may not be used or offered in any form as evidence in the hearing, including as a document or through argument or testimony.
What is section 41.67d
To ensure the comparable properties are close to the same quality of construction as the subject; a PTC needs to check this column in the evaluation.
What is Class CD
A type of account where the owner has requested their information not be released publicly. These accounts can be problematic in having the correct information and locating appropriate comps.
What is a Confidential Account