Home address: 5503 W Bellfort St
2021 Taxable Value: $363,303
Recent Sales Price: $190,000 – Over-taxed by 91%
Property tax assessments not carefully reviewed lead to paying more than your share of property taxes. 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. It is difficult to persuade property owners to protest their property taxes. But 60 to 80% of those who do are successful.
Owners are sometimes reluctant to protest property taxes due to a concern their value might be raised. This can’t and does not happen. Since 2019, neither the appraisal district or the appraisal review board can increase a property tax assessment during a protest. Mass appraisal models make it impossible for appraisal districts to accurately value most houses. Appraisal districts are receptive to settling property tax protests for houses at the informal level because it has only a nominal impact on the total tax base. Appraisal property taxes, yard work and HVAC check-ups are just a few of the responsibilities for homeowners.
