Home address: 235 Pr 2751

2021 Taxable Value: $457,150

Recent Sales Price: $335,500   – Over-taxed by 36%

Most home owners who do not appeal annually pay excess property taxes. Protesting the appraisal district’s market value with usually reduce your property taxes. An unequal appraisal appeal is easy to prepare.  Just find neighborhood homes with a lower level of assessment (per square foot).  Summarize the data in a table. The Texas Comptroller reports 80% of 2019 property tax appeals by home owners were successful. 

Some homeowners do not appeal property taxes because they are not aware of this right.  You can and should protest both market value and unequal appraisal annually. 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. Appraisal districts settle appeals at the informal level  to avoid the time consuming and expensive appraisal review board hearings. Property taxes are the largest tax most Texans face.  But it is a stealth tax hidden in the mortgage payment, disguising the size of property taxes paid.