Home address: 1004 N Hwy 00137
2021 Taxable Value: $393,150
Recent Sales Price: $280,000 – Over-taxed by 40%
Property tax assessments not carefully reviewed lead to paying more than your share of property taxes. Appraisal districts are flexible on market value appeals given a large number of houses they value and that are protested. Property owners can appeal both market value and unequal appraisal. 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.
Many owners intended to appeal but the May 15th date slipped by with no appeal. If you want to appeal and it is slipping your mind, consider a consultant. Incorrect property data such as grade, effective year built condition, etc lead to substantial errors in appraisal district values for houses. 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. Protect your home by appealing property taxes annually.