Home address: 6215 Coral Ridge Rd
2021 Tax Assessment: $413,355
Recent Sales Price: $237,000 – Over-taxed by 74%
Texas property owners can avoid paying excess property taxes by taking several basic steps. Protest market value, get a few comparable sales as evidence and you are very likely to reduce your property taxes. Unequal appraisal appeals compare the level of assessment of your house to comparable houses, typically on a per square foot basis. 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 a high chance of success. Appraisal districts use mass appraisal to value property, basically a math model. Overall results are OK. However, many homes are too high or low. Appraisal districts usually settle appeals at the informal hearing since it costs less and takes fewer resources. Protect your home by appealing property taxes annually.
