Home address: 37702 Edgewater Dr

2021 Taxable Value: $795,720                                                

Recent Sales Price: $619,000 – Over-taxed by 29%

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 is a powerful tool to reduce property taxes, but many homeowners are not aware of it and don’t use it. Winning a property tax protest is easy. Getting property owners to appeal is hard.  Only 10% of Texan homeowners 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. 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 receptive to settling property tax protests for houses at the informal level because it has only a nominal impact on the total tax base. Protest your property taxes on market value and unequal appraisal by May 15th annually. Protest even if you do not receive a value notice.