Home address: 4624 Holt St
2021 Tax Assessment: $762,159
Recent Sales Price: $425,000 – 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. Appraisal districts are flexible on market value appeals given a large number of houses they value and that are protested. The lower value stands when appealing market value and unequal appraisal. Appeal both every year. It is difficult to persuade property owners to protest their property taxes. But 60 to 80% of those who do are successful.
Some property owners do not appeal due to a concern the appraisal district will want to inspect their house. However, the appraisal district is MUCH too busy during the appeal season to even think about asking to inspect a property. Assessors do not visit houses because of appeals. It is difficult for appraisal districts to accurately value homes since they rarely or never see the houses. 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. 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.
