Home address: 40006 Gable Cir

2021 Taxable Value: $632,030                                                   

Recent Sales Price: $493,000   – Over-taxed by 28%

Montgomery County homeowners 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. Property owners can appeal both market value and unequal appraisal. Property tax appeals are often won with a smile and a bit of data.

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 mass appraisal to value property, basically a math model.  Overall results are OK.  However, many homes are too high or low. Appraisal districts are willing to settle property tax appeals because they realize their values are not precise. Protest your property taxes on market value and unequal appraisal by May 15th annually. Protest even if you do not receive a value notice.