Home address: 3603 Cunningham Dr
2021 Tax Assessment: $2,22,300
Recent Sales Price: $1,75,000 – Over-taxed by 27%
Appraisal district errors in setting assessed values cause Midland County owners to pay extra taxes. One option to reduce your property taxes is to protest the market value. An unequal appraisal is a powerful tool to reduce property taxes but many homeowners are not aware of it and don’t use it. The Texas Comptroller reports 80% of 2019 property tax appeals by homeowners 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 the mass appraisal to value property, basically a math model. Overall results are OK. However, many homes are too high or low. Appraisal districts aggressively settle appeals since they have only 65 days to settle most of the appeals. Protest your property taxes on market value and unequal appraisal by May 15th annually. Protest even if you do not receive a value notice.