Home address: 27712 Post Oak Run

2021 Taxable Value: $1,339,090

Recent Sales Price: $1,000,000 – Over-taxed by 34%

Texas property owners can avoid paying excess property taxes by taking several basic steps. Protest market value, get a few comparable sales as evidence and you are very likely to reduce your property taxes. Property owners can appeal both market value and unequal appraisal. Property tax appeals are often won with a smile and a bit of data.

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. Appraisal districts use the cost approach to value houses. It is generally considered the least reliable method of appraisal. One reason appraisal districts are motivated to settle protests is to maintain goodwill with the community. Property owners have a duty and responsibility to appraisal property taxes annually. It is not prudent or reasonable to rely on the appraisal district’s estimate.