MANSFIELD, Texas — Many Mansfield residents and businesses have likely received the recognizable form in the mail this past week from the appraisal district. For many residents and businesses, this can understandably be concerning. Likewise, the process for calculating property tax bills can be confusing.
The calculation of property tax bills is a two part process that begins when the county appraisal district assigns a value to the property. This occurs each year by January 1 of each year per state law. A value notice of any tax increases from the prior year must be provided by May 1.
A certified estimated tax roll is then provided to each taxing entity like the city, county, or school district by the chief appraiser. Each entity then uses this information to begin the budget process for the upcoming fiscal year.
Later in the year, the second part of the budget calculation process begins as budgets and tax rates are adopted by each taxing entity. The City of Mansfield holds a public hearing each year in August to adopt the ordinance approving the upcoming fiscal year budget and tax rate needed to support this budget.
In October the tax assessor collector takes the final tax assessed value from the appraisal district, subtracts out any relevant exemption values, and multiplies by the tax rate for each of the taxing entities for the final tax bills. Final tax bills are sent out in November and due by January 31 of each year.
RIGHTS AND EXEMPTIONS
Property owners have the right to protest the appraisal review board if there is disagreement or an error about the value the appraisal district has placed on the property. Protests should be filed using form 50-132 Property Owner’s Notice of Protest before May 15 of the taxing year or within 30 days of receiving the value notice, whichever date is later. Protest instructions are included with the Value Notice and are available on the appraisal district website.
Following a protest, property owners will be provided a date, time, and location for a formal hearing with the appraisal review board. Property owners will need to present documentation and evidence that supports the opinion of value. The appraisal review board will consider this information from the property owner and information from the chief appraiser to then make a final determination of value for the property for the current tax year. There are additional rights to appeal this decision if the property owner disagrees with the appraisal review board.
Property owners should be aware that there are several laws, exemptions and benefits to protect the taxpayers from experiencing rapidly rising property tax bills. Residents in Texas are eligible for a homestead exemption on their primary residence. This homestead exemption ensures that the taxable value can only increase at most 10 percent annually. The City of Mansfield also provides homeowners with a 10 percent property tax exemption, reducing the taxable value of a primary residence by 10 percent. There are other exemptions available as well for disabled persons, disabled veterans, and surviving spouses of armed forces and first responders killed in the line of duty.
These exemptions are not automatically applied to your account with the appraisal district. Property owners must complete a one-time application for residential homestead exemption to have the appropriate exemptions applied to your account.
Senate Bill 2 and House Bill 3 from the 2019 Texas Legislative Session also limit the growth from existing properties in the school district and local municipality to 2.5 percent and 3.5 percent respectively. As existing property values rise more than these limits, local taxing entities must reduce their tax rates accordingly.
Frequently asked questions have been made available on MansfieldTexas.gov .