Home address: 5201 Teakwood Trace
2021 Tax Assessment: $4,16,690 
Recent Sales Price: $3,25,000  – Over-taxed by 28%%

Midland County property investors far too often pay excess property taxes. Most market value protests are successful, typically saving the owner hundreds or thousands of dollars. Unequal appraisal appeals are valid when the assessment is below market value. Winning a property tax protest is easy.  Getting property owners to appeal is hard.  Only 10% of Texan homeowners appeal their property taxes.

Some property owners do not appeal due to a concern the appraisal district will want to inspect their house.  However, the appraisal district is MUCH too busy during the appeal season to even think about asking to inspect a property.  Assessors do not visit houses because of appeals. It is difficult for appraisal districts to accurately value homes since they rarely or never see the houses. One reason appraisal districts are motivated to settle protests is to maintain goodwill with the community. Property taxes are the largest tax most Texans face.  But it is a stealth tax hidden in the mortgage payment disguising the size of property taxes paid.