Home address: 11 Edgewood Cir
2021 Taxable Value: $374,490
Recent Sales Price: $279,000 – Over-taxed by 34%
Texas property owners can avoid paying excess property taxes by taking several basic steps. Market value property tax appeals save homeowners an average of $500, according to Texas Comptroller Glen Hager, for 2019. An unequal appraisal appeal is easy to prepare. Just find neighborhood homes with a lower level of assessment (per square foot). Summarize the data in a table. Winning a property tax protest is easy. Getting property owners to appeal is hard. Only 10% of Texan home owners appeal their property taxes.
Owners are sometimes reluctant to protest property taxes due to a concern their value might be raised. This can’t and does not happen. Since 2019, neither the appraisal district or the appraisal review board can increase a property tax assessment during a protest. It is difficult for appraisal districts to accurately value houses due to limited staff. Appraisal districts aggressively settle appeals since they have only 65 days to settle most of the appeals. Protect your home by appealing property taxes annually.