Home address: 1341 Terrace View Dr

2021 Taxable Value: $340,179

Recent Sales Price: $272,490 – Over-taxed by 25%

While most Texas home owners pay extra property taxes, there are several simple steps you can take to limit your tax bill. 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. Property tax appeals are often won with a smile and a bit of data.

Some homeowners do not appeal property taxes because they are not aware of this right. You can and should protest both market value and unequal appraisal annually. It is impossible for 2,272 Texas appraisal district appraisers to track physical condition and value for over 20 million properties. Appraisal districts usually settle appeals at the informal hearing since it costs less and takes fewer resources. 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.