Home address: 1910 Heritage Ln
2021 Taxable Value: $1,292,210
Recent Sales Price: $700,000 – Over-taxed by 85%
Most home owners who do not appeal annually pay excess property taxes. Protest market value, get a few comparable sales as evidence and you are very likely to reduce your property taxes. Unequal appraisal appeals are valid when the assessment is below market value. Woody Allen said “80% of success is showing up”. The same is true of property taxes. If you file an appeal and attend the hearing, your chance of reducing your property taxes is excellent.
Some homeowners believe “you can’t fight city hall.” But property owners win 60 to 80% of property tax appeals. It is difficult for appraisal districts to accurately value houses due to limited staff. Appraisal districts aggressively settle appeals since they have only 65 days to settle most of the appeals. 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.
Comments are closed.