Home address: 117 Meadowbrook

2021 Taxable Value: $ 175,000

Recent Sales Price: $ 95,000 – Over-taxed by 84%

While most Texas home owners pay extra property taxes, there are several simple steps you can take to limit your tax bill. Protest market value, get a few comparable sales as evidence and you are very likely to 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. It is difficult to persuade property owners to protest their property taxes.  But 60 to 80% of those who do are successful.

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. Appraisal districts use the cost approach to value houses.  It is generally considered the least reliable method of appraisal. Property taxes are the largest tax most Texans face.  But it is a stealth tax hidden in the mortgage payment, disguising the size of property taxes paid.