Banks & REO Property Tax Protest Services

BTA's Team Offers Tax Expertise in:

  • Banks
  • Drive Through Banks
  • Real Estate Owned (REO)

Process for Banks & REO

Bank real estate typically refers to land and improvements used for providing financial services to bank customers. A bank’s real estate can also include REO properties which are Real Estate Owned properties the banks have repossessed or foreclosed on.

For appraisal purposes, a county appraisal district (CAD) typically subdivides Bank Real Estate into the categories shown above based on their highest and best use. The CAD will derive two different values when appraising a property: Market Value and Equity Value. 

Based on the type of property being valued, the Market Valuation approach typically used by the CAD on these properties is the Cost Approach including any evidence of new construction or remodeling. Cost Approach can also be supported by the Sales Approach where market data and comparable sales in the area point to a lower value.

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.

Bettencourt Tax Advisors, LLC has an experienced BPP team that can provide Business Personal Property tax services, too.

Contact us to learn more about how BTA’s experienced team of property tax consultants can lower your bank & REO property tax values.

We are now Accepting Sign-Ups for Commercial properties in Harris County. Click on the link below to contact a specialist today!


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