Home address: 11827 Water Oak Dr
2021 Taxable Value: $562,530
Recent Sales Price: $420,000 – Over-taxed by 34%
Half or more of Texas home owners are paying more than their fair share of property taxes. Protesting the appraisal district’s market value with usually reduce your property taxes. Unequal appraisal appeals are valid when the assessment is below market value. Winning a property tax protest is easy. Getting property owners to appeal is hard. Only 10% of Texan home owners appeal their property taxes.
Some homeowners believe “you can’t fight city hall.” But property owners win 60 to 80% of property tax appeals. 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 settle appeals at the informal level to avoid the time consuming and expensive appraisal review board hearings. Protesting your property taxes annually is analogous to regularly changing the oil in your car. Preventative maintenance avoids serious problems.