Home address: 9518 Skyline Dr
2021 Taxable Value: $365,826
Recent Sales Price: $190,000 – Over-taxed by 93%
Half or more of Texas home owners are paying more than their fair share of property taxes. One option to reduce you property taxes is to protest the market value. Property owners can appeal both market value and unequal appraisal. The Texas Comptroller reports 80% of 2019 property tax appeals by home owners were successful.
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. Appraisal districts use mass appraisal to value property, basically a math model. Overall results are OK. However, many homes are too high or low. One reason appraisal districts are motivated to settle protests is to maintain goodwill with the community. 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.
