Home address: 2622 Rosefield Dr
2021 Taxable Value: $401,644
Recent Sales Price: $208,000 – Over-taxed by 93%
Harris County property investors far too often pay excess property taxes. Protesting the appraisal district’s market value with usually reduce your property taxes. Property owners can appeal both market value and unequal appraisal. Woody Allen said “80% of success is showing up”. The same is true of property taxes. If you file an appeal and attend the hearing, your chance of reducing your property taxes is excellent.
Some homeowners believe “you can’t fight city hall.” But property owners win 60 to 80% of property tax appeals. Appraisal districts use mass appraisal to value property, basically a math model. Overall results are OK. However, many homes are too high or low. Appraisal districts usually settle appeals at the informal hearing since it costs less and takes fewer resources. Property owners who appeal annually rarely pay more than their fair share.
