Home address: 1507 N Weatherford St
2021 Tax Assessment: $2,24,100
Recent Sales Price: $1,75,000 – Over-taxed by 28%
While most Texas homeowners pay extra property taxes, there are several simple steps you can take to limit your tax bill. Appraisal districts are flexible on market value appeals given a large number of houses they value and that are protested. 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. Appraisal districts use 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. Appraisal property taxes yard work and HVAC check-ups are just a few of the responsibilities for homeowners.