Home address: 8432 Kings View Ct

2021 Taxable Value: $250,930

Recent Sales Price: $122,000 – Over-taxed by 106%

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. 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. 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. Appraisal districts aggressively settle appeals since they have only 65 days to settle most of the appeals. Protesting your property taxes annually is analogous to regularly changing the oil in your car.  Preventative maintenance avoids serious problems.