Home address: 11405 Royal Haven L
2021 Taxable Value: $895,650
Recent Sales Price: $675,000 – Over-taxed by 33%
Montgomery county property investors far too often pay excess property taxes. One option to reduce you property taxes is to protest the market value. Unequal appraisal appeals are valid when the assessment is below market value. Woody Allen said “80% of success is showing up”. The same is true of property taxes. If you file an appeal and attend the hearing, your chance of reducing your property taxes is excellent.
Some homeowners do not appeal property taxes because they are not aware of this right. You can and should protest both market value and unequal appraisal annually. One reason it is difficult for appraisal districts to correctly value homes is they are not homogenous. Some have been remodeled and some haven’t. 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.