Home address: 100 Ridgeview Ct
2021 Taxable Value: $403,929
Recent Sales Price: $323,409 – Over-taxed by 25%
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. The lower value stands when appealing market value and unequal appraisal. Appeal both every year. The majority who appeal their Texas property taxes are successful.
Many owners do not protest because they do not understand the process. Most would appeal if they know how easy it is the high chance of success. Appraisal districts use mass appraisal to value property, basically a math model. Overall results are OK. However, many homes are too high or low. One reason appraisal districts are motivated to settle protests is to maintain goodwill with the community. Appraisal property taxes, yard work and HVAC check-ups are just a few of the responsibilities for homeowners.