Apartment Property Tax Protest Services

BTA's Team Offers Property Tax Expertise in:

  • Garden Apartments
  • Mid-Rise Apartment
  • High Rise Apartments 
  • Nursing Homes
  • Retirement Homes
  • Dormitory
  • Subsidized Housing
  • Tax Credit Apartments

Process for Apartment Owners

Apartment/Multifamily buildings are structured subdivided into individual apartments or residential living spaces which are rented out to individuals, couples, or families.

The county appraisal district (CAD) will determine the Apartment/Multifamily building types above based on their highest and best use. A CAD will derive two different values when appraising a property: Market Value and Equity Value.

The most common strategies used to determine Market Value for Apartment buildings are Income Approach and Cost Approach, if there is evidence of new construction or remodeling. 

Nursing Homes, Retirement Homes, Dormitories, and Smaller complexes are valued on the Cost Approach, and the Sales Approach.

The Equity Value, also known as Uniform and Equal, is based on the CAD’s valuation of Comparable Properties and can also be used to fight for a lower value.

Contact Bettencourt Tax Advisors, LLC to learn more about how BTA’s experienced team can lower your property tax values.

 

We are now Accepting Sign-Ups for the 2020 Hearing Season for Residential and Commercial properties in Harris, Brazoria, Fort Bend, Galveston and Montgomery Counties. Click on the link below to contact a specialist today!

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