Home address: 4929 E Ridgecreek Dr

2021 Taxable Value: $145,200

Recent Sales Price: $100,500 – Over-taxed by 44%

Property tax assessments not carefully reviewed lead to paying more than your share of property taxes. A market value appeal is based on the assessor’s value exceeding the market value of your home. The lower value stands when appealing market value and unequal appraisal. Appeal both every year. Winning a property tax protest is easy. Getting property owners to appeal is hard. Only 10% of Texan home owners appeal their property taxes.

Many owners intended to appeal but the May 15th date slipped by with no appeal. If you want to appeal and it is slipping your mind, consider a consultant. 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 usually settle appeals at the informal hearing since it costs less and takes fewer resources. Not appealing your property taxes annually is the equivalent of volunteering to pay extra property taxes.