Home address: 468 Rio Bonito Dr
2021 Tax Assessment: $277,960
Recent Sales Price: $215,000 – Over-taxed by 29%
Texas property owners can avoid paying excess property taxes by taking several basic steps. Market value property tax appeals save homeowners an average of $500, according to Texas Comptroller Glen Hager, for 2019. The lower value stands when appealing to market value and unequal appraisal. Appeal both every year. Winning a property tax protest is easy. Getting property owners to appeal is hard. Only 10% of Texan homeowners appeal their property taxes.
Many owners do not protest because they do not understand the process. Most would appeal if they know how easy it is and the high chance of success. It is difficult for appraisal districts to accurately value homes since they rarely or never see the houses. 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. Protest your property taxes on market value and unequal appraisal by May 15th annually. Protest even if you do not receive a value notice.
