Home address: 401 E Mesquite St

2021 Taxable Value: $188,577

Recent Sales Price: $105,000 – Over-taxed by 80%

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. 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 the cost approach to value houses. It is generally considered the least reliable method of appraisal. One reason appraisal districts are motivated to settle protests is to maintain goodwill with the community. Not appealing your property taxes annually is the equivalent of volunteering to pay extra property taxes.