Home address: 4706 Teakwood Trace
2021 Taxable Value: $470,310
Recent Sales Price: $330,000 – Over-taxed by 43%

Midland County homeowners are often unaware of the factors that cause them to pay extra taxes. Protest market value, get a few comparable sales as evidence and you are very likely to reduce your property taxes. An 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.

Owners are sometimes reluctant to protest property taxes due to a concern their value might be raised.  This can’t and does not happen.  Since 2019, neither the appraisal district nor the appraisal review board can increase a property tax assessment during a protest. It is difficult for appraisal districts to accurately value houses due to limited staff. Appraisal districts usually settle appeals at the informal hearing since it costs less and takes fewer resources. Not appealing your property taxes annually is the equivalent of volunteering to pay extra property taxes.