Home address: 6905 Bancroft Woods Dr
2021 Taxable Value: $434,927
Recent Sales Price: $337,500 – Over-taxed by 29%
Appraisal district errors in setting assessed values cause Williamson County owners to pay extra taxes. Either comparable sales or condition issues at your home are useful for a market value appeal of property taxes. Unequal appraisal appeals compare the level of assessment of your house to comparable houses, typically on a per square foot basis. Winning a property tax protest is easy. Getting property owners to appeal is hard. Only 10% of Texan home owners appeal their property taxes.
Some homeowners believe “you can’t fight city hall.” But property owners win 60 to 80% of property tax appeals. Mass appraisal models make it impossible for appraisal districts to accurately value most houses. Appraisal districts are willing to settle property tax appeals because they realize their values are not precise. 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.