Home address: 2200 N H St
2021 Taxable Value: $310,870
Recent Sales Price: $225,000 – Over-taxed by 38%
Half or more of Texas homeowners are paying more than their fair share of property taxes. One option to reduce your property taxes is to protest the market value. You can reduce your property taxes with an unequal appraisal appeal. 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.
Some homeowners believe “you can’t fight city hall.” But property owners win 60 to 80% of property tax appeals. One reason it is difficult for appraisal districts to correctly value homes is they are not homogenous. Some have been remodeled and some haven’t. 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.