Home address: 173 Lake View Cir

2021 Taxable Value: $1,190,480

Recent Sales Price: $892,500 – Over-taxed by 33%

While most Texas home owners pay extra property taxes, there are several simple steps you can take to limit your tax bill. Most market value protests are successful, typically saving the owner hundreds or thousands of dollars. The lower value stands when appealing market value and unequal appraisal. Appeal both every year. Winning a property tax protest is easy. Getting property owners to appeal is hard. Only 10% of Texan home owners appeal their property taxes.

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. Appraisal districts are receptive to settling property tax protests for houses at the informal level because it has only a nominal impact on the total tax base. 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.