How are “tax savings” computed?
“Tax Savings” are computed by subtracting the Final Certified Value from the Notice of Appraised Value for the applicable year, multiplied by the tax rate available at the time of billing. For example, if the Appraisal Office places a preliminary value of $100,000 on your property and the HegwoodGroup reduces that value to $80,000 and your tax rate is 3%, then the savings would be $600.