Home address: 44 Glen Loch Ct

2021 Taxable Value: $838,790

Recent Sales Price: $600,000 – Over-taxed by 40%

Property tax assessments not carefully reviewed lead to paying more than your share of 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 compare the level of assessment of your house to comparable houses, typically on a per square foot basis. The Texas Comptroller reports 80% of 2019 property tax appeals by home owners were successful.

Many owners intended to appeal but the May 15th date slipped by with no appeal. If you want to appeal and it is slipping your mind, consider a consultant. Appraisal districts use the cost approach to value houses. It is generally considered the least reliable method of appraisal. Appraisal districts settle appeals at the informal level to avoid the time consuming and expensive appraisal review board hearings. Protesting your property taxes annually is analogous to regularly changing the oil in your car. Preventative maintenance avoids serious problems.