Home address: 206 Forrest Ave
2021 Taxable Value: $279,062
Recent Sales Price: $213,000 – Over-taxed by 31%
Half or more of Texas homeowners are paying more than their fair share of property taxes. Market value property tax appeals save home owners an average of $500, according to Texas Comptroller Glen Hager, for 2019. Unequal appraisal appeals are valid when the assessment is below market value. The majority who appeal their Texas property taxes are successful.
Some homeowners believe “you can’t fight city hall.” But property owners win 60 to 80% of property tax appeals. Incorrect property data such as grade, effective year built, condition, etc lead to substantial errors in appraisal district values for houses. One reason appraisal districts are motivated to settle protests is to maintain goodwill with the community. Protesting your property taxes annually is analogous to regularly changing the oil in your car. Preventative maintenance avoids serious problems.