Home address: 1601 Cimmaron Dr
2021 Tax Assessment: $389,550
Recent Sales Price: $300,000 – Over-taxed by 30%
While most Texas home owners pay extra property taxes, there are several simple steps you can take to limit your tax bill. Appraisal districts are flexible on market value appeals given the large number of houses they value and that are protested.The lower value stands when appealing market value and unequal appraisal. Appeal both every year. The Texas Comptroller reports 80% of 2019 property tax appeals by home owners were successful.
Some homeowners believe “you can’t fight city hall.” But property owners win 60 to 80% of property tax appeals. 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 receptive to settling property tax protests for houses at the informal level because it has only a nominal impact on the total tax base. Not appealing your property taxes annually is the equivalent of volunteering to pay extra property taxes.