ENROLL NOW Property Tax Protection Program™
Tax Appraisal District of Bell County Property Tax Protest - Apartments
Property tax protests have been filed by proprietors of 71% of the total valuation of apartments in Bell County. From 2014 to 2022, overall worth of apartments in Bell County increased from $922 million to $2 billion. In 2022, 1 billion dollars was protested and a total of $2 billion was reported for the multifamily market value in Bell County. Approximate $881,128 in property tax savings have been achieved across all property classifications in Bell County in 2022, informal and Appraisal Review Board (ARB) hearings included. Nevertheless, this figure fails to account for judicial appeals; property owners in Bell County preserved an additional $18 million in judicial appeals.
Why Do 71% Apartment Owners versus 9% Homeowners Appeal?
Why Do 71% Apartment Owners versus 9% Homeowners Appeal?
The properties owned by apartment proprietors have experienced a 34% appreciation in value over the past five years. Apartment owners protest to 71% of the value of their units. A small percentage of the 9% of the tax register that is comprised of houses protested. O'Connor provides professional representation to fight the odds. By enrolling in the Property Tax Protection Program™, we will examine the initial value set by the appraisal district, identify evidence to dispute it, and reduce it in approximately 30–67% of protests.
BellCAD Apartments Property Tax Summary
| Market ValueMultifamily / Apartments | $2,735,221,998 |
| Number Multifamily / Apartment Property Tax Protests | 2,425 |
| $ Value Multifamily/Apartment Protested | $1,933,490,591 |
| # Lawsuits Filed for Multifamily / Apartments on ARB Values | 34 |
| ARB Value of All Lawsuits Filed for Multifamily | $659,695,932 |
| $ Reduction Property Tax Lawsuits for Multifamily Current Year | $15,337,364 |