Home address: 128 Yorktown Ct
2021 Taxable Value: $309,321
Recent Sales Price: $233,900 – Over-taxed by 32%
Johnson County property investors far too often pay excess property taxes. One option to reduce your property taxes is to protest the market value. Unequal appraisal appeals are valid when the assessment is below market value. Woody Allen said “80% of success is showing up”. The same is true of property taxes. If you file an appeal and attend the hearing, your chance of reducing your property taxes is excellent.
Some homeowners believe “you can’t fight city hall.” But property owners win 60 to 80% of property tax appeals. One reason it is difficult for appraisal districts to correctly value homes is they are not homogenous. Some have been remodeled and some haven’t. Appraisal districts aggressively settle appeals since they have only 65 days to settle most of the appeals. Appraisal property taxes, yard work and HVAC check-ups are just a few of the responsibilities for homeowners.