Home address: 1607 W 8Th St
2021 Taxable Value: $104,200
Recent Sales Price: $80,000 – Over-taxed by 30%
Property tax assessments not carefully reviewed lead to paying more than your share of property taxes. 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. It is difficult to persuade property owners to protest their property taxes. Winning a property tax protest is easy. Getting property owners to appeal is hard. Only 10% of Texan home owners appeal their property taxes.
Some homeowners believe “you can’t fight city hall.” But property owners win 60 to 80% of property tax appeals. It is difficult for appraisal districts to accurately value houses due to limited staff. Tax protests are resolved at the informal hearing since the result is within a “reasonable range of value”. Appraisal is not an exact science and valuations are only an educated opinion of value, not a fact. Appraisal property taxes, yard work and HVAC check-ups are just a few of the responsibilities for homeowners.