All hearings are determined by the market value, and the time dedicated to filing a protest and preparing for the hearing remains consistent, whether the appraised value is capped or not. We charge based on the greater of:
1. The difference between the noticed and final appraised value, multiplied by the tax rate, and then multiplied by a contingency fee.
2. $5 for every $1,000 reduction in market value in cases where the account is appraised as limited or “capped.”
Fee Examples:
Contingency Fee Calculation: (1 Above)
| Initial Appraised | $700,000 |
| Final Appraised | $650,000 |
| Reduction in Value | $50,000 |
| Tax Rate | 2.00% |
| Tax Savings | $1,000 |
| Contingency % | 35.00% |
| Contingent Fee | $350 |
Market Fee Calculation: (2 Above)
| Initial Market | $800,000 |
| Final Market | $750,000 |
| Reduction in Value | $50,000 |
| Market Cut Fee ($5 per $1,000) | $250 |