Home address:510 S M St
2021 Tax Assessment: $3,54,570
Recent Sales Price:$2,75,000 – Over-taxed by 29%
Midland County property investors far too often pay excess property taxes. Appraisal districts are flexible on market value appeals given a large number of houses they value and that are protested. Check the unequal appraisal box on the protest form or your unequal appraisal appeal will be ignored. Winning a property tax protest is easy. Getting property owners to appeal is hard. Only 10% of Texan homeowners appeal their property taxes.
Some property owners do not appeal due to a concern the appraisal district will want to inspect their house. However, the appraisal district is MUCH too busy during the appeal season to even think about asking to inspect a property. Assessors do not visit houses because of 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. Not appealing your property taxes annually is the equivalent of volunteering to pay extra property taxes.