Home address: 1513 S Marshall St
2021 Taxable Value: $292,020
Recent Sales Price: $214,500 – Over-taxed by 36%
While most Texas homeowners pay extra property taxes, there are several simple steps you can take to limit your tax bill. Either comparable sales or condition issues at your home are useful for a market value appeal of property taxes. An unequal appraisal is a powerful tool to reduce property taxes but many homeowners are not aware of it and don’t use it. 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 impossible for 2272 Texas appraisal district appraisers to track physical condition and value for over 20 million properties. 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. 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.