Home address: 7417 Teaswood Dr

2021 Taxable Value: $662,810                                                   

Recent Sales Price: $519,680  – Over-taxed by 28%

Appraisal district errors in setting assessed values cause Montgomery County owners to pay extra taxes. Most market value protests are successful, typically saving the owner hundreds or thousands of dollars. The lower value stands when appealing market value and unequal appraisal.  Appeal both every year. The majority who appeal their Texas property taxes are successful.

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. 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.