Home address: 144 Crockett Way
2021 Taxable Value: $309,321
Recent Sales Price: $202,900 – Over-taxed by 52%
Johnson County property investors far too often pay excess property taxes. Protesting the appraisal district’s market value will usually 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. Property tax appeals are often won with a smile and a bit of data.
Owners are sometimes reluctant to protest property taxes due to a concern their value might be raised. This can’t and does not happen. Since 2019, neither the appraisal district or the appraisal review board can increase a property tax assessment during a protest. Appraisal districts use mass appraisal to value property, basically a math model. Overall results are OK. However, many homes are too high or low. Appraisal districts settle appeals at the informal level to avoid the time consuming and expensive appraisal review board hearings. Protect your home by appealing property taxes annually.
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