Home address: 1401 Cr 224
2021 Taxable Value: $622,297
Recent Sales Price: $479,000 – Over-taxed by 30%
Texas property owners can avoid paying excess property taxes by taking several basic steps. Market value property tax appeals save homeowners an average of $500, according to Texas Comptroller Glen Hager, for 2019. Unequal appraisal appeals are valid when the assessment is below market value. 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. Mass appraisal models make it impossible for appraisal districts to accurately value most houses. Appraisal districts are willing to settle property tax appeals because they realize their values are not precise. 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.