Home address: 7902 Vickridge Ln
2021 Tax Assessment: $303,685
Recent Sales Price: $175,000 – Over-taxed by 74%
Texas property owners can avoid paying excess property taxes by taking several basic steps. Most market value protests are successful, typically saving the owner hundreds or thousands of dollars. Property owners can appeal both market value and unequal appraisal. Property tax appeals are often won with a smile and a bit of data.
Property owners are sometimes reluctant to protest their property taxes because the believe the appeal process is difficult. It is not difficult and 60 to 80% of owners who appeal are successful. 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. Appraisal districts are receptive to settling property tax protests for houses at the informal level because it has only a nominal impact on the total tax base. 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.
