Home address: 506 Alcorn St
2021 Taxable Value: $372,350
Recent Sales Price: $247,500 – Over-taxed by 50%
Fort Bend County home owners are often unaware of the factors that cause them to pay extra taxes. Market value property tax appeals save homeowners an average of $500, according to Texas Comptroller Glen Hager, for 2019. 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. Property tax appeals are often won with a smile and a bit of data.
Some homeowners believe “you can’t fight city hall.” But property owners win 60 to 80% of property tax appeals. It is impossible for 2,272 Texas appraisal district appraisers to track physical condition and value for over 20 million properties. One reason appraisal districts are motivated to settle protests is to maintain goodwill with the community. 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.