Home address: 4822 Waycross St
2021 Tax Assessment: $321,262
Recent Sales Price: $180,000 – Over-taxed by 79%
While most Texas homeowners pay extra property taxes, there are several simple steps you can take to limit your tax bill. Most market value protests are successful, typically saving the owner hundreds or thousands of dollars. The lower value stands when appealing market value and unequal appraisal. Appeal both every year. Winning a property tax protest is easy. Getting property owners to appeal is hard. Only 10% of Texan homeowners appeal their property taxes.
Property owners are sometimes reluctant to protest their property taxes because the believe the appeal process is difficult. It is not difficult and 60 to 80% of owners who appeal are successful. One reason it is difficult for appraisal districts to correctly value homes is they are not homogenous. Some have been remodeled and some haven’t. Appraisal districts aggressively settle appeals since they have only 65 days to settle most of the appeals. Not appealing your property taxes annually is the equivalent of volunteering to pay extra property taxes.
