Home address: 5012 Whitman Dr
2021 Taxable Value: $384,590
Recent Sales Price: $235,000  – Over-taxed by 64%

Midland County property investors far too often pay excess property taxes. Most market value protests are successful, typically saving the owner hundreds or thousands of dollars. Unequal appraisal appeals compare the level of assessment of your house to comparable houses typically on a per square foot basis. The Texas Comptroller reports 80% of 2019 property tax appeals by homeowners were 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. It is difficult for appraisal districts to accurately value homes since they rarely or never see the houses. Appraisal districts usually settle appeals at the informal hearing since it costs less and takes fewer resources. Property owners have a duty and responsibility to appraise property taxes annually.  It is not prudent or reasonable to rely on the appraisal district’s estimate.