Home address: 7114 Triola Ln
2021 Tax Assessment: $246,130
Recent Sales Price: $140,000 – Over-taxed by 76%
Half or more of Texas homeowners are paying more than their fair share of property taxes. Protesting the appraisal district’s market value with usually reduce your property taxes. 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.
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 the cost approach to value houses. It is generally considered the least reliable method of appraisal. Tax protests are resolved at the informal hearing since the result is within a “reasonable range of value”. An appraisal is not an exact science and valuations are only an educated opinion of value, not a fact. Appraisal property taxes, yard work, and HVAC check-ups are just a few of the responsibilities for homeowners.
