Home address:2 Ridgmar Ct
2021 Tax Assessment: $5,02,010
Recent Sales Price:$3,90,000 – Over-taxed by 29%
Appraisal district errors in setting assessed values cause Midland County owners to pay extra taxes. Appraisal districts are flexible on market value appeals given a large number of houses they value and that are protested. You can reduce your property taxes with an unequal appraisal appeal. The majority who appeal their Texas property taxes are successful.
Owners are sometimes reluctant to protest property taxes due to a concern their value might be raised. This can’t and does not happen. Since 2019, neither the appraisal district or the appraisal review board can increase a property tax assessment during a protest. 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 are receptive to settling property tax protests for houses at the informal level because it has only a nominal impact on the total tax base. Property owners who appeal annually rarely pay more than their fair share.