Home address: 307 N Patterson Ave

2021 Taxable Value: $143,323

Recent Sales Price: $85,000 – Over-taxed by 69%

While most Texas home owners pay extra property taxes, there are several simple steps you can take to limit your tax bill. One option to reduce you property taxes is to protest the market value. Unequal appraisal appeals are valid when the assessment is below market value. Appraisal districts are generally very receptive to settling tax appeals at the informal hearing.

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. Appraisal districts use the cost approach to value houses. It is generally considered the least reliable method of appraisal. Appraisal districts are receptive to settling property tax protests for houses at the informal level because it has only a nominal impact on the total tax base. Protest your property taxes on market value and unequal appraisal by May 15th annually. Protest even if you do not receive a value notice.