Home address: 211 E 12Th St
2021 Taxable Value: $199,168
Recent Sales Price: $155,000 – Over-taxed by 28%
While most Texas homeowners pay extra property taxes, there are several simple steps you can take to limit your tax bill. Protesting the appraisal district’s market value will usually reduce your property taxes. 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. It is difficult to persuade property owners to protest their property taxes. But 60 to 80% of those who do are successful.
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 impossible for 2,272 Texas appraisal district appraisers to track physical condition and value for over 20 million properties. Appraisal districts usually settle appeals at the informal hearing since it costs less and takes fewer resources. 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.