Home address: 2 Farrell Ridge Dr

2021 Taxable Value: $2,791,080

Recent Sales Price: $2,128,000 – Over-taxed by 31%

Texas property owners can avoid paying excess property taxes by taking several basic steps. Appraisal districts are flexible on market value appeals given the large number of houses they value and that are protested. 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.

Many owners do not protest because they do not understand the process. Most would appeal if they know how easy it is the high chance of success. It is difficult for appraisal districts to accurately value homes since they rarely or never see the houses. One reason appraisal districts are motivated to settle protests is to maintain goodwill with the community. Appraisal property taxes, yard work and HVAC check-ups are just a few of the responsibilities for homeowners.