Home address: 17520 E Williams Rd

2021 Taxable Value: $361,630

Recent Sales Price: $202,000 – Over-taxed by 79%

Montgomery County home owners 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. Unequal appraisal is a powerful tool to reduce property taxes, but many homeowners are not aware of it and don’t use it. Appraisal districts are generally very receptive to settling tax appeals at the informal hearing.

Property owners are sometimes reluctant to protest their property taxes because the believe the appeal process is difficult. It is not difficult and 60 to 80% of owners who appeal are successful. It is difficult for appraisal districts to accurately value houses due to limited staff. Appraisal districts aggressively settle appeals since they have only 65 days to settle most of the appeals. Not appealing your property taxes annually is the equivalent of volunteering to pay extra property taxes.