Home address: 9 Water Mark Way

2021 Taxable Value: $997,460                                                                               

Recent Sales Price: $788,200  – Over-taxed by 27%

Appraisal district errors in setting assessed values cause Montgomery County owners to pay extra taxes. A market value appeal is based on the assessor’s value exceeding the market value of your home. Property owners can appeal both market value and unequal appraisal. Property tax appeals are often won with a smile and a bit of data. 

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. Appraisal districts use the cost approach to value houses.  It is generally considered the least reliable method of appraisal. Tax protests are resolved at the informal hearing since the result is within a “reasonable range of value”.  Appraisal is not an exact science and valuations are only an educated opinion of value, not a fact. Protect your home by appealing property taxes annually.