Home address: 3507 W Wadley Av
2021 Taxable Value: $241,890
Recent Sales Price: $175,000 – Over-taxed by 38%
Appraisal district errors in setting assessed values cause Midland County owners to pay extra taxes. Protesting the appraisal district’s market value will usually reduce your property taxes. Property owners can appeal to both market value and unequal appraisal. It is difficult to persuade property owners to protest their property taxes. But 60 to 80% of those who do are successful.
Property owners are sometimes reluctant to protest their property taxes because they believe the appeal process is difficult. It is not difficult and 60 to 80% of owners who appeal are successful. Appraisal districts use the mass appraisal to value property, basically a math model. Overall results are OK. However, many homes are too high or low. Appraisal districts usually settle appeals at the informal hearing since it costs less and takes fewer resources. Not appealing your property taxes annually is the equivalent of volunteering to pay extra property taxes.