Home address: 2200 Princeton Av
2021 Taxable Value: $441,270
Recent Sales Price:$290,000 ,– Over-taxed by 52%
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. Unequal appraisal appeals are valid when the assessment is below market value. 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. One reason appraisal districts are motivated to settle protests is to maintain goodwill with the community. 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.
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