Authorization
It is hereby agreed that First Property Tax Service will represent the real estate account for the property listed above for the current tax year.
FPTS is authorized to execute notices of appeal and representation at the informal and/or Appraisal Review Board. All warranties are disclaimed and FPTS’s liability for any inaction, error, or action is limited to the fee amount actually paid under this contract.
Fee Agreement
The service fee is 40% of the tax savings on residential property. There is no fee of any kind unless the proposed market value of the property is reduced. The fee is calculated by subtracting the reduced final value from the noticed value times the most recently released property tax rate at the time of billing. A Capped Account is when the property’s initial market value is greater than the initial appraised value. If you have a capped account, the fee is the greater of the contingent fee or $3.50 for every $1,000 reduction in the initial market value. This agreement is irrevocable for the current tax year and remains in effect for subsequent tax year unless revoked in writing. No written or implied guarantee is given as to final value results or reductions in tax assessments.
