Property Representation Agreement
Five Stone Property Tax (“Consultant”) agrees to represent the undersigned Client in connection with challenges made to the appraised value of Client’s designated properties for property tax purposes. The scope of this Agreement includes Consultant’s representation of Client’s property tax appraisal through the formal protest of the Appraisal District’s annual appraised value and/or the Appraisal Review Board, obtaining available exemptions, but DOES NOT include an appeal to the District Court, or any activity that could be considered the practice of law.
Client agrees to assist Consultant in any reasonable way in connection with Consultant’s efforts to protest the annual appraised value of Client’s property. Client also agrees to sign and return the appropriate Appointment of Agent Form(s), which authorizes Consultant to act on Client’s behalf before the Appraisal Review Board. Consultant will perform due diligence to secure necessary authorization; however Consultant is not liable for its inability to represent Client due to Client’s failure to provide timely a signed Appointment of Agent Form(s).
Consultant reserves the right and is expressly authorized to settle and/or withdraw a protest at any time should Consultant deem the settlement and/or withdrawal would be in the Client’s best interest. Consultant is specifically authorized to assign and/or refer cases to a licensed attorney or property tax consultant who is qualified in the opinion of Consultant to work on the appeal of the property. Client approves such an assignment and/or referral by signing this Agreement.
Consultant will continue to represent Client’s property each year until client notifies Consultant otherwise. Client may add or delete property to this Agreement at any time by notifying Consultant. Additional properties become subject to the terms and conditions of this Agreement, including the fee structure, unless otherwise mutually agreed in writing.
Consultant shall be paid 40% of the value of actual tax savings to Client resulting from Consultant’s efforts determined by comparison of the CAD’s notice of appraised value with the ARB value, informal agreement value or value arising out of a lawsuit*. For example, if the Original Notice Value of Client’s property was $200,000, and if the property’s ARB value was $150,000, Client would owe Consultant an amount equal to 40% of the tax rate that would have applied to that $50,000 difference. This fee is earned only in the year in which the tax savings occur, and client will not owe it in Years 2, 3, etc., based on the reduction in the assessed value from Year 1. The Client will remit any fees due to Five Stone Property Tax within 30 days of the received invoice or be assessed 12% interest per annum in late fees.
Please note: if you sign up after conducting an informal, or efile protest, a fee equal to the greater of $250 or 40% of the tax savings will apply.
All payments due hereunder are payable to: Five Stone Propety Tax, 11211 Taylor Draper Ln, Suite 300, Austin, TX 78759.
Accepted: Five Stone Property Tax, LLC.
John Paul Krueger, Managing Partner - Property Tax Services
Regulated by The Texas Department of Licensing and Regulation
P O Box 12157, Austin, Texas 78711, 1-800-803-9202, 512-463-6599
website: www.license.state.tx.us/complaints
