Home address: 13518 Mobile St
2021 Tax Assessment: $383,973
Recent Sales Price: $215,000 – Over-taxed by 79%
Property tax assessments not carefully reviewed lead to paying more than your share of property taxes. Either comparable sales or condition issues at your home are useful for a market value appeal of property taxes. Check the unequal appraisal box on the protest form, or your unequal appraisal appeal will be ignored. The Texas Comptroller reports that 80% of 2019 property tax appeals by homeowners were successful.
Many owners do not protest because they do not understand the process. Most would appeal if they know how easy it is and the high chance of success. One reason it is difficult for appraisal districts to correctly value homes is they are not homogenous. Some have been remodeled and some haven’t. 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 appraise property taxes annually. It is not prudent or reasonable to rely on the appraisal district’s estimate.
