Home address: 122 Heritage Parkway East

2021 Taxable Value: $430,940

Recent Sales Price: $320,000   – Over-taxed by 35%

Wise 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. Check the unequal appraisal box on the protest form, or your unequal appraisal appeal will be ignored. Appraisal districts are generally very receptive to settling tax appeals at the informal hearing.

Some homeowners believe “you can’t fight city hall.”  But property owners win 60 to 80% of property tax appeals. One reason it is difficult for appraisal districts to correctly value homes is they are not homogenous.  Some have been remodeled and some haven’t. Tax protests are resolved at the informal hearing since the result is within a “reasonable range of value”.  Appraisal is not an exact science and valuations are only an educated opinion of value, not a fact. Protect your home by appealing property taxes annually.