Home address: 5309 Wimberley Spring Course

2021 Taxable Value: $533,850   

Recent Sales Price: $425,000 – Over-taxed by 26%

Half or more of Texas homeowners are paying more than their fair share of property taxes. Appraisal districts are flexible on market value appeals given the large number of houses they value and that are protested. Unequal appraisal appeals are valid when the assessment is below market value. The majority who appeal their Texas property taxes are successful. 

Some homeowners believe “you can’t fight city hall.”  But property owners win 60 to 80% of property tax appeals. Appraisal districts use the cost approach to value houses.  It is generally considered the least reliable method of appraisal. One reason appraisal districts are motivated to settle protests is to maintain goodwill with the community. Appraisal property taxes, yard work and HVAC check-ups are just a few of the responsibilities for homeowners.