Home address: 3 Almondell Ct

2021 Taxable Value: $551,850          

Recent Sales Price: $422,500    – 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. It is difficult to persuade property owners to protest their property taxes.  But 60 to 80% of those who do are successful.

Some property owners do not appeal due to a concern the appraisal district will want to inspect their house.  However, the appraisal district is MUCH too busy during the appeal season to even think about asking to inspect a property.  Assessors do not visit houses because of appeals. Appraisal districts use mass appraisal to value property, basically a math model.  Overall results are OK.  However, many homes are too high or low. Appraisal districts are willing to settle property tax appeals because they realize their values are not precise. Appraisal property taxes, yard work and HVAC check-ups are just a few of the responsibilities for homeowners.