Home address: 406 W Franklin Street

2021 Taxable Value: $111,900

Recent Sales Price: $75,000   – Over-taxed by 49%

Wise County home owners are often unaware of the factors that cause them to pay extra taxes. Either comparable sales or condition issues at your home are useful for a market value appeal of property taxes. Property owners can appeal both market value and unequal appraisal. Woody Allen said “80% of success is showing up”.  The same is true of property taxes.  If you file an appeal and attend the hearing, your chance of reducing your property taxes is excellent.

Owners are sometimes reluctant to protest property taxes due to a concern their value might be raised.  This can’t and does not happen.  Since 2019, neither the appraisal district or the appraisal review board can increase a property tax assessment during a protest. Mass appraisal models make it impossible for appraisal districts to accurately value most houses. Appraisal districts are receptive to settling property tax protests for houses at the informal level because it has only a nominal impact on the total tax base. Protect your home by appealing property taxes annually.