Home address: 4529 Holt St
2021 Tax Assessment: $906,578
Recent Sales Price: $520,000 – Over-taxed by 74%
While most Texas homeowners pay extra property taxes, there are several simple steps you can take to limit your tax bill. Protesting the appraisal district’s market value with usually reduce your property taxes. An unequal appraisal appeal is easy to prepare. Just find neighborhood homes with a lower level of assessment (per square foot). Summarize the data in a table. The Texas Comptroller reports 80% of 2019 property tax appeals by homeowners were successful.
Owners are sometimes reluctant to protest property taxes due to a concern their value might be raised. This can’t and does not happen. Since 2019, neither the appraisal district or the appraisal review board can increase a property tax assessment during a protest. Incorrect property data such as grade, effective year built, condition, etc lead to substantial errors in appraisal district values for 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 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.
