Home address: 2803 W Louisiana Av
2021 Taxable Value:$219,730
Recent Sales Price:$148,000 – Over-taxed by 48%
Texas property owners can avoid paying excess property taxes by taking several basic steps. Protest market value, get a few comparable sales as evidence and you are very likely to reduce your property taxes. An unequal appraisal appeal is easy to prepare. Just find neighborhood homes with a lower level of assessment (per square foot). Summarize the data in a table. Appraisal districts are generally very receptive to settling tax appeals at the informal hearing.
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 the cost approach to value houses. It is generally considered the least reliable method of appraisal. Appraisal districts settle appeals at the informal level to avoid the time-consuming and expensive appraisal review board hearings. Protesting your property taxes annually is analogous to regularly changing the oil in your car. Preventative maintenance avoids serious problems.
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