Home address: 3407 Spencer Ct
2021 Taxable Value: $336,380
Recent Sales Price: $257,500 – Over-taxed by 31%
Half or more of Texas home owners are paying more than their fair share of property taxes. 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. 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 difficult for appraisal districts to accurately value homes since they rarely or never see the 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.