Home address: 230 Ruskin Dr E

2021 Taxable Value: $318,570

Recent Sales Price: $235,700 – Over-taxed by 35%

Appraisal district errors in setting assessed values cause Montgomery County owners 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. Appraisal districts are generally very receptive to settling tax appeals at the informal hearing.

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. Appraisal districts use the cost approach to value houses. It is generally considered the least reliable method of appraisal. Appraisal districts usually settle appeals at the informal hearing since it costs less and takes fewer resources. Protest your property taxes on market value and unequal appraisal by May 15th annually. Protest even if you do not receive a value notice.