Home address: 3022 Manila Ln
2021 Tax Assessment: $582,088
Recent Sales Price: $333,000 – Over-taxed by 75%
Property tax assessments not carefully reviewed lead to paying more than your share of property taxes. Most market value protests are successful, typically saving the owner hundreds or thousands of dollars. An unequal appraisal appeal is easy to prepare. Just find neighborhood homes with a lower level of assessment (per square foot). Summarize the data in a table. Winning a property tax protest is easy. Getting property owners to appeal is hard. Only 10% of Texan homeowners appeal their property taxes.
Many owners intended to appeal but the May 15th date slipped by with no appeal. If you want to appeal and it is slipping your mind, consider a consultant. Incorrect property data such as grade, effective year built, condition, etc lead to substantial errors in appraisal district values for houses. One reason appraisal districts are motivated to settle protests is to maintain goodwill with the community. 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.
