Home address: 1207 Castle Rock Ct
2021 Tax Assessment: $6,89,750
Recent Sales Price: $5,45,000 – Over-taxed by 27%
Most homeowners who do not appeal annually pay excess property taxes. Market value property tax appeals save homeowners an average of $500 according to Texas Comptroller Glen Hager for 2019. You can reduce your property taxes with an unequal appraisal appeal. 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.
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 nor the appraisal review board can increase a property tax assessment during a protest. 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.