Home address: 2311 Stutz Pl
2021 Tax Assessment: $4,09,800
Recent Sales Price: $3,19,600 – Over-taxed by 28%
Half or more of Texas home owners are paying more than their fair share of property taxes. Either comparable sales or condition issues at your home are useful for a market value appeal of 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.
Property owners are sometimes reluctant to protest their property taxes because the believe the appeal process is difficult. It is not difficult and 60 to 80% of owners who appeal are successful. 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. Property owners who appeal annually rarely pay more than their fair share.