Home address: 308 Armstrong Dr
2021 Taxable Value: $387,495
Recent Sales Price: $285,000– Over-taxed by 36%
Appraisal district errors in setting assessed values cause Williamson County owners to pay extra taxes. Appraisal districts are flexible on market value appeals given the large number of houses they value and that are protested. You can reduce your property taxes with an unequal appraisal appeal. The Texas Comptroller reports 80% of 2019 property tax appeals by home owners were 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. It is impossible for 2,272 Texas appraisal district appraisers to track physical condition and value for over 20 million properties. One reason appraisal districts are motivated to settle protests is to maintain goodwill with the community. Property owners who appeal annually rarely pay more than their fair share.