Home address: 2007 Quail Valley East Dr
2021 Taxable Value: $182,200
Recent Sales Price: $145,000 – Over-taxed by 26%
Most homeowners 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.
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. Mass appraisal models make it impossible for appraisal districts to accurately value most houses. Appraisal districts usually settle appeals at the informal hearing since it costs less and takes fewer resources. Protest your property taxes on market value and unequal appraisal by May 15th annually. Protest even if you do not receive a value notice.