Home address: 1304 Rainier Ct

2021 Taxable Value: $515,435   

Recent Sales Price: $409,490 – Over-taxed by 26%

Texas property owners can avoid paying excess property taxes by taking several basic steps. Market value property tax appeals save home owners an average of $500, according to Texas Comptroller Glen Hager, for 2019. You can reduce your property taxes with an unequal appraisal appeal. It is difficult to persuade property owners to protest their property taxes.  But 60 to 80% of those who do are successful.

Many owners do not protest because they do not understand the process.  Most would appeal if they know how easy it is to have a high chance of success. Appraisal districts use the cost approach to value houses.  It is generally considered the least reliable method of appraisal. One reason appraisal districts are motivated to settle protests is to maintain goodwill with the community. Property owners who appeal annually rarely pay more than their fair share.