Home address: 9179 Black Buck Ln

2021 Taxable Value: $419,350

Recent Sales Price: $310,000 – Over-taxed by 35%

Appraisal district errors in setting assessed values cause Montgomery County owners to pay extra taxes. Protest market value, get a few comparable sales as evidence and you are very likely to reduce your property taxes. Property owners can appeal both market value and unequal appraisal. 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. Appraisal districts use the cost approach to value houses. It is generally considered the least reliable method of appraisal. 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. Not appealing your property taxes annually is the equivalent of volunteering to pay extra property taxes.