Home address: 1901 Oxford Blvd

2021 Taxable Value: $355,300

Recent Sales Price: $182,000 – Over-taxed by 95%

Property tax assessments not carefully reviewed lead to paying more than your share of property taxes. A market value appeal is based on the assessor’s value exceeding the market value of your home. Unequal appraisal appeals are valid when the assessment is below market value. The majority who appeal their Texas property taxes are successful.

Property owners are sometimes reluctant to protest their property taxes because the believe the appeal process is difficult.  It is not difficult and 60 to 80% of owners who appeal are successful. It is difficult for appraisal districts to accurately value houses due to limited staff. One reason appraisal districts are motivated to settle protests is to maintain goodwill with the community. 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.