Home address: 2627 N Woodloch St

2021 Taxable Value: $1,69,600                                                                              

Recent Sales Price: $1,34,000 – Over-taxed by 27%

Montgomery County property investors far too often pay excess property taxes. Most market value protests are successful, typically saving the owner hundreds or thousands of dollars. An unequal appraisal appeal is easy to prepare.  Just find neighborhood homes with a lower level of assessment (per square foot).  Summarize the data in a table. It is difficult to persuade property owners to protest their property taxes.  But 60 to 80% of those who do are successful.

Many owners intended to appeal but the May 15th date slipped by with no appeal.  If you want to appeal and it is slipping your mind, consider a consultant. It is difficult for appraisal districts to accurately value houses due to limited staff. Most tax protests are settled at the informal level so appraisers can return to measuring and valuing new construction. Protest your property taxes on market value and unequal appraisal by May 15th annually. Protest even if you do not receive a value notice.