Home address: 10250 Field Stone Dr
2021 Tax Assessment: $118,885
Recent Sales Price: $67,500 – Over-taxed by 76%
Texas property owners can avoid paying excess property taxes by taking several basic steps. A market value appeal is based on the assessor’s value exceeding the market value of your home. An unequal appraisal is a powerful tool to reduce property taxes, but many homeowners are not aware of it and don’t use it. Woody Allen said, “80% of success is showing up”. The same is true of property taxes. If you file an appeal and attend the hearing, your chance of reducing your property taxes is excellent.
Some homeowners do not appeal property taxes because they are not aware of this right. You can and should protest both market value and unequal appraisal annually. Mass appraisal models make it impossible for appraisal districts to accurately value most houses. Most tax protests are settled at the informal level so appraisers can return to measuring and valuing new construction. Property owners have a duty and responsibility to appraisal property taxes annually. It is not prudent or reasonable to rely on the appraisal district’s estimate.
