Home address: 27364 Diamond T

2021 Taxable Value: $237,270

Recent Sales Price: $187,900 – Over-taxed by 26%

Montgomery County homeowners are often unaware of the factors that cause them to pay extra taxes. Most market value protests are successful, typically saving the owner hundreds or thousands of dollars. Property owners can appeal both market value and unequal appraisal. 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 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. Most tax protests are settled at the informal level so appraisers can return to measuring and valuing new construction. Protesting your property taxes annually is analogous to regularly changing the oil in your car. Preventative maintenance avoids serious problems.