Home address: 21112 Walnut Dr
2021 Taxable Value: $80,960
Recent Sales Price: $55,000 – Over-taxed by 47%
While most Texas home owners pay extra property taxes, there are several simple steps you can take to limit your tax bill. Most market value protests are successful, typically saving the owner hundreds or thousands of dollars. Unequal appraisal appeals are valid when the assessment is below market value. It is difficult to persuade property owners to protest their property taxes. But 60 to 80% of those who do are successful.
Many owners intended to appeal but the May 15th date slipped by with no appeal. If you want to appeal and it is slipping your mind, consider a consultant. Appraisal districts use mass appraisal to value property, basically a math model. Overall results are OK. However, many homes are too high or low. Appraisal districts are willing to settle property tax appeals because they realize their values are not precise. Property taxes are the largest tax most Texans face. But it is a stealth tax hidden in the mortgage payment, disguising the size of property taxes paid.