Home address: 2391 Meadow Rd
2021 Taxable Value: $523,910
Recent Sales Price: $400,000 – Over-taxed by 31%
Montgomery County property investors far too often pay excess property 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. Winning a property tax protest is easy. Getting property owners to appeal is hard. Only 10% of Texan homeowners appeal their property taxes.
Some homeowners believe “you can’t fight city hall.” But property owners win 60 to 80% of property tax appeals. It is difficult for appraisal districts to accurately value homes since they rarely or never see the houses. Appraisal districts are willing to settle property tax appeals because they realize their values are not precise. Not appealing your property taxes annually is the equivalent of volunteering to pay extra property taxes