Home address: 5432 Basswood Cir
2021 Tax Assessment: $5,16,270
Recent Sales Price: $4,03,000 – Over-taxed by 28%
Midland County property investors far too often pay excess property taxes. Protesting the appraisal district’s market value will usually reduce your property taxes. 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. It is difficult for appraisal districts to accurately value homes since they rarely or never see the houses. Most tax protests are settled at the informal level so appraisers can return to measuring and valuing new construction. Property owners have a duty and responsibility to appraisal property taxes annually. It is not prudent or reasonable to rely on the appraisal district’s estimate.