Home address: 1609 Pueblo
2021 Taxable Value: $193,910
Recent Sales Price: $155,000 – Over-taxed by 25%
Half or more of Texas homeowners are paying more than their fair share of property taxes. Protesting the appraisal district’s market value will usually reduce your property taxes. The lower value stands when appealing market value and unequal appraisal. Appeal both every year. The Texas Comptroller reports 80% of 2019 property tax appeals by homeowners were successful.
Some homeowners do not appeal property taxes because they are not aware of this right. You can and should protest both market value and unequal appraisal annually. It is difficult for appraisal districts to accurately value homes since they rarely or never see the houses. Appraisal districts usually settle appeals at the informal hearing since it costs less and takes fewer resources. Tax protests are resolved at the informal hearing since the result is within a “reasonable range of value”. Appraisal is not an exact science and valuations are only an educated opinion of value, not a fact.Protesting your property taxes annually is analogous to regularly changing the oil in your car. Preventative maintenance avoids serious problems.