Home address: 205 Finley St
2021 Taxable Value: $302,500
Recent Sales Price: $212,500 – Over-taxed by 42%
Half or more of Texas home owners are paying more than their fair share of property taxes. Either comparable sales or condition issues at your home are useful for a market value appeal of property taxes. Unequal appraisal is a powerful tool to reduce property taxes, but many homeowners are not aware of it and don’t use it. 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. Incorrect property data such as grade, effective year built, condition, etc lead to substantial errors in appraisal district values for houses. Appraisal districts settle appeals at the informal level to avoid the time consuming and expensive appraisal review board hearings. Protest your property taxes on market value and unequal appraisal by May 15th annually. Protest even if you do not receive a value notice.