Home address: 13025 Victoria Regina Dr
2021 Taxable Value: $185,570
Recent Sales Price: $133,300 – Over-taxed by 39%
Property tax assessments not carefully reviewed lead to paying more than your share of property taxes. Most market value protests are successful, typically saving the owner hundreds or thousands of dollars. Property owners can appeal both market value and unequal appraisal. It is difficult to persuade property owners to protest their property taxes. But 60 to 80% of those who do are successful.
Many owners do not protest because they do not understand the process. Most would appeal if they know how easy it is the high chance of success. Incorrect property data such as grade, effective year built, condition, etc lead to substantial errors in appraisal district values for houses. Most tax protests are settled at the informal level so appraisers can return to measuring and valuing new construction. Property taxes are the largest tax most Texans face. But it is a stealth tax hidden in the mortgage payment, disguising the size of property taxes paid.