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<br />071 <br /> <br />Preliminary Report of Appraised Value <br />Prior to Hearings For Tax Year 2006 <br />Page 2 <br /> <br />As you know, a number of circumstances may result in further reduction of your values: <br /> <br />Late-filed exemption applications. While in most circumstances property owners must apply for the <br />exemption prior to April 30, the law provides for a variety of late-filing exemptions. These can result in <br />reductions not reflected in this estimate. For example, if your jurisdiction grants the freeport <br />exemption, you should be aware that a property owner can apply for the exemption at any time prior to <br />the date the appraisal review board approves the appraisal records. A more common situation <br />involves residence homestead exemptions. A person can apply for a residence homestead exemption <br />until one year after the delinquency date for the year in question. Consequently, residence homestead <br />exemptions for 2006 can be claimed at any time prior to February 1, 2008. Over-65 and disability <br />exemptions for the year can be claimed up to one year after the date the person or the property first <br />qualified for exemption, and the exemption will apply for the entire year. Application for special <br />agricultural or timber valuation can be filed until the date the ARB approves the appraisal records. <br /> <br />Results of appeals of appraisal review board decisions. A property owner who disagrees with an ARB <br />determination on a protest or correction motion may appeal the decision to the district court, or in <br />some cases through binding arbitration. Depending on the complexity of the litigation, resolution may <br />take several years. If the court reduces the owner's appraised value or grants an exemption, the result <br />will be certified to the jurisdiction within 30 days of the date the judgment is entered. <br /> <br />Please do not hesitate to contact me or your jurisdiction coordinator if you have questions regarding <br />this information or other matters affecting appraisal district operations.. <br /> <br />With kindest regards, <br /> <br />, <br />~ -;:: ..t....... ." <br /> <br /> <br />Jim Robinson, R.P .A. <br />Chief Appraiser <br /> <br />c: Tax Assessor <br />Jurisdiction Coordinator <br />