Home address: 5007 Apple Creek Rd
2021 Tax Assessment: $4,49,460
Recent Sales Price: $3,55,000 – Over-taxed by 27%
Most homeowners who do not appeal annually pay excess property taxes. Protesting the appraisal districts’ 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 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. One reason appraisal districts are motivated to settle protests is to maintain goodwill with the community. 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.