Home address: 5514 Maybrook Park Ln

2021 Taxable Value: $456,100

Recent Sales Price: $366,000 – Over-taxed by 25%

Texas property owners can avoid paying excess property taxes by taking several basic steps. Market value property tax appeals save homeowners an average of $500, according to Texas Comptroller Glen Hager, for 2019. 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. 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 houses due to limited staff. Appraisal districts are willing to settle property tax appeals because they realize their values are not precise. Property owners have a duty and responsibility to appraisal property taxes annually. It is not prudent or reasonable to rely on the appraisal district’s estimate.