Home address: 1707 15Th Street
2021 Taxable Value: $177,880
Recent Sales Price: $106,000 – Over-taxed by 68%
Most home owners who do not appeal annually pay excess property taxes. Protest market value, get a few comparable sales as evidence and you are very likely to reduce your property taxes. The lower value stands when appealing market value and unequal appraisal. Appeal both every year. Winning a property tax protest is easy. Getting property owners to appeal is hard. Only 10% of Texan home owners appeal their property taxes.
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. Appraisal districts are willing to settle property tax appeals because they realize their values are not precise. Protesting your property taxes annually is analogous to regularly changing the oil in your car. Preventative maintenance avoids serious problems.
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