Home address: 1119 Brook Ave
2021 Taxable Value: $52,690
Recent Sales Price: $30,000 – Over-taxed by 76%
Texas property owners can avoid paying excess property taxes by taking several basic steps. Market value property tax appeals save home owners an average of $500, according to Texas Comptroller Glen Hager, for 2019. The lower value stands when appealing 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 home owners appeal their property taxes.
Property owners are sometimes reluctant to protest their property taxes because the believe the appeal process is difficult. It is not difficult and 60 to 80% of owners who appeal are successful. Incorrect property data such as grade, effective year built, condition, etc lead to substantial errors in appraisal district values for houses. Appraisal districts are willing to settle property tax appeals because they realize their values are not precise. Property owners have a duty and responsibility to appraisal property taxes annually. It is not prudent or reasonable to rely on the appraisal district’s estimate.
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