Home address: 1419 Whispering Pine Dr
2021 Taxable Value: $149,580
Recent Sales Price: $115,000 – Over-taxed by 30%
Most home owners who do not appeal annually pay excess property taxes. A market value appeal is based on the assessor’s value exceeding the market value of your home. Unequal appraisal is a powerful tool to reduce property taxes, but many homeowners are not aware of it and don’t use it. Appraisal districts are generally very receptive to settling tax appeals at the informal hearing.
Some homeowners do not appeal property taxes because they are not aware of this right. You can and should protest both market value and unequal appraisal annually. It is impossible for 2,272 Texas appraisal district appraisers to track physical condition and value for over 20 million properties. Appraisal districts aggressively settle appeals since they have only 65 days to settle most of the appeals. Property owners who appeal annually rarely pay more than their fair share.