Home address: 1200 Princeton Av
2021 Taxable Value: $917,590
Recent Sales Price: $525,000 – Over-taxed by 75%
Half or more of Texas homeowners are paying more than their fair share of property taxes. Market value property tax appeals save homeowners an average of $500 according to Texas Comptroller Glen Hager for 2019. Unequal appraisal is a powerful tool to reduce property taxes but many homeowners are not aware of it and don’t use it. It is difficult to persuade property owners to protest their property taxes. But 60 to 80% of those who do are successful.
Many owners intended to appeal but the May 15th date slipped by with no appeal. If you want to appeal and it is slipping your mind, consider a consultant. 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 are willing to settle property tax appeals because they realize their values are not precise. Property owners who appeal annually rarely pay more than their fair share.
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