Home address: 124 Capetown St
2021 Taxable Value: $182,800
Recent Sales Price: $130,000 – Over-taxed by 41%
Most home owners who do not appeal annually pay excess property taxes. Market value property tax appeals save homeowners an average of $500, according to Texas Comptroller Glen Hager, for 2019. You can reduce your property taxes with an unequal appraisal appeal. The Texas Comptroller reports 80% of 2019 property tax appeals by home owners were successful.
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 usually settle appeals at the informal hearing since it costs less and takes fewer resources. Property owners who appeal annually rarely pay more than their fair share.