For most residential properties in Texas, the appraised value is an estimate of what the property would most likely sell for on January 1 of the current tax year. This value is used to determine your property taxes and is reviewed annually.
How do we determine your property’s value?
The appraisal district determines value using market-based data and recognized appraisal methods. In general, the appraised value is determined by:
1. Comparing recent sales in your neighborhood
We analyze recent, similar home sales in your area and compare them to your property. The goal is to estimate what a willing buyer would pay a willing seller for your home under normal conditions.
2. Comparing property characteristics
We compare your home to similar homes using factors such as:
- Size (square footage)
- Home type and classification
- Age of the home
- Condition and overall quality
- Number of bedrooms/bathrooms
- Location and neighborhood characteristics
- Upgrades or improvements
- Lot size and features
3. Adjusting for depreciation
Depreciation accounts for how the property has aged or declined in value over time. We consider factors such as:
- Physical wear and tear
- Functional obsolescence (outdated layouts or features)
- Economic obsolescence (neighborhood changes affecting value)
What methods do we use to appraise property?
The appraisal district may use three common appraisal approaches:
1. Market Approach (Sales Comparison)
This is the most common method for residential properties.
We compare your home to similar homes that have recently sold and adjust for differences to estimate value.
2. Cost Approach
This method estimates what it would cost to replace the home with a similar one, minus depreciation.
It is often used when comparable sales are limited or for new construction.
3. Income Approach
This method is most often used for income-producing properties, such as rental homes or apartments.
It estimates value based on potential rental income and market rates.
Why does the value change from year to year?
Property values can change due to:
- Changes in the local real estate market
- New construction or home improvements
- Neighborhood development
- Changes in supply and demand
- Economic factors affecting property values
What if I disagree with my appraisal?
If you believe your property’s appraised value is incorrect, you have the right to protest.
You may provide evidence such as:
- Recent comparable sales
- Photos showing condition issues
- Information about changes to the property
The annual protest deadline is May 15th, or 30 days after you receive notice.
Need help or have questions?
We’re here to help, so don’t hesitate to reach out if you have any questions!
Contact Information:
Bexar Central Appraisal District
411 N Frio St
PO Box 830248
San Antonio, TX 78283-0248
Phone: 210-242-2432
Fax: 210-242-2454 or 210-242-2453
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