Home address: 25111 E Tara Plantation Dr
2021 Taxable Value: $160,986
Recent Sales Price: $84,000 – Over-taxed by 92%
While most Texas home owners pay extra property taxes, there are several simple steps you can take to limit your tax bill. One option to reduce you property taxes is to protest the market value. Unequal appraisal is a powerful tool to reduce property taxes, but many homeowners are not aware of it and don’t use it. The Texas Comptroller reports 80% of 2019 property tax appeals by home owners were successful.
Many owners do not protest because they do not understand the process. Most would appeal if they know how easy it is the high chance of success. It is impossible for 2,272 Texas appraisal district appraisers to track physical condition and value for over 20 million properties. 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.
