Home address: 2320 Gary Ln

2021 Taxable Value: $196,450

Recent Sales Price: $105,000   – Over-taxed by 87%

McLennan County property investors far too often pay excess property taxes. Protest market value, get a few comparable sales as evidence and you are very likely to reduce your property taxes. Unequal appraisal appeals compare the level of assessment of your house to comparable houses, typically on a per square foot basis. The majority who appeal their Texas property taxes are successful.

Many owners do not protest because they do not understand the process.  Most would appeal if they know how easy it is the high chance of success. Appraisal districts use mass appraisal to value property, basically a math model.  Overall results are OK.  However, many homes are too high or low. One reason appraisal districts are motivated to settle protests is to maintain goodwill with the community. Protesting your property taxes annually is analogous to regularly changing the oil in your car.  Preventative maintenance avoids serious problems.