Home address: 408 S Mineola St
2021 Taxable Value: $146,510
Recent Sales Price: $93,000 – Over-taxed by 58%
Appraisal district errors in setting assessed values cause El Paso County owners to pay extra taxes. One option to reduce your property taxes is to protest the market value. Unequal appraisal appeals are valid when the assessment is below market value. Winning a property tax protest is easy. Getting property owners to appeal is hard. Only 10% of Texan homeowners appeal their property taxes.
Many owners do not protest because they do not understand the process. Most would appeal if they know how easy it is to have a high chance of success. Mass appraisal models make it impossible for appraisal districts to accurately value most 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. Protesting your property taxes annually is analogous to regularly changing the oil in your car. Preventative maintenance avoids serious problems.
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