Home address: 43 Firefall Ct

2021 Taxable Value: $859,700

Recent Sales Price: $622,000– Over-taxed by 38%

Property tax assessments not carefully reviewed lead to paying more than your share of property taxes. Most market value protests are successful, typically saving the owner hundreds or thousands of dollars. Unequal appraisal is a powerful tool to reduce property taxes, but many homeowners are not aware of it and don’t use it. The majority who appeal their Texas property taxes 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. 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 aggressively settle appeals since they have only 65 days to settle most of the appeals. Protesting your property taxes annually is analogous to regularly changing the oil in your car. Preventative maintenance avoids serious problems.