Home address: 11493 Magnolia Bend Dr
2021 Taxable Value: $241,700
Recent Sales Price: $142,000 – Over-taxed by 70%
Montgomery County home owners are often unaware of the factors that cause them to pay extra taxes. A market value appeal is based on the assessor’s value exceeding the market value of your home. Unequal appraisal appeals are valid when the assessment is below market value. The majority who appeal their Texas property taxes are successful.
Property owners are sometimes reluctant to protest their property taxes because the believe the appeal process is difficult. It is not difficult and 60 to 80% of owners who appeal are successful. One reason it is difficult for appraisal districts to correctly value homes is they are not homogenous. Some have been remodeled and some haven’t. One reason appraisal districts are motivated to settle protests is to maintain goodwill with the community. Protest your property taxes on market value and unequal appraisal by May 15th annually. Protest even if you do not receive a value notice.
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