Home address: 19375 Trailwood

2021 Taxable Value: $216,130  

Recent Sales Price: $163,200 – Over-taxed by 32%

Montgomery County property investors far too often pay excess property taxes. Appraisal districts are flexible on market value appeals given the large number of houses they value and that are protested. Property owners can appeal both market value and unequal appraisal. Property tax appeals are often won with a smile and a bit of data.

Some homeowners believe “you can’t fight city hall.”  But property owners win 60 to 80% of property tax 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. One reason appraisal districts are motivated to settle protests is to maintain goodwill with the community. Property owners who appeal annually rarely pay more than their fair share.