Home address: 5208 Wimberley Spring Ct
2021 Tax Assessment: $4,87,340
Recent Sales Price: $3,80,000  – Over-taxed by 28%

Property tax assessments not carefully reviewed lead to paying more than your share of property taxes. A market value appeal is based on the assessor’s value exceeding the market value of your home. Unequal appraisal appeals are valid when the assessment is below market value. 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.

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 are willing to settle property tax appeals because they realize their values are not precise. Property taxes are the largest tax most Texans face.  But it is a stealth tax hidden in the mortgage payment disguising the size of property taxes paid.