Home address: 31702 Midlake Park

2021 Taxable Value: $364,150                                

Recent Sales Price: $280,500  – Over-taxed by 30%

Montgomery County property investors far too often pay excess property taxes. Protest market value, get a few comparable sales as evidence and you are very likely to reduce your property taxes. You can reduce your property taxes with an unequal appraisal appeal. 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 they believe the appeal process is difficult.  It is not difficult and 60 to 80% of owners who appeal are successful. 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. Property owners who appeal annually rarely pay more than their fair share.