Home address: 1405 Vibar Cv

2021 Taxable Value: $685,935

Recent Sales Price: $490,000 – Over-taxed by 40%

Appraisal district errors in setting assessed values cause Williamson County owners to pay extra 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. It is difficult to persuade property owners to protest their property taxes. But 60 to 80% of those who do 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. Protest your property taxes on market value and unequal appraisal by May 15th annually. Protest even if you do not receive a value notice.