Home address: 1110 River Rd
2021 Taxable Value: $898,240
Recent Sales Price: $707,200 – Over-taxed by 27%
Half or more of Texas homeowners are paying more than their fair share of property 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. 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. It is difficult for appraisal districts to accurately value homes since they rarely or never see the houses. 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. Protest your property taxes on market value and unequal appraisal by May 15th annually. Protest even if you do not receive a value notice.