Home address: 3224 Crosby Dr

2021 Taxable Value: $152,130

Recent Sales Price: $85,000   – Over-taxed by 79%

McLennan County home owners are often unaware of the factors that cause them to pay extra taxes. Appraisal districts are flexible on market value appeals given the large number of houses they value and that are protested. Unequal appraisal appeals compare the level of assessment of your house to comparable houses, typically on a per square foot basis. Woody Allen said “80% of success is showing up”.  The same is true of property taxes.  If you file an appeal and attend the hearing, your chance of reducing your property taxes is excellent.

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. Mass appraisal models make it impossible for appraisal districts to accurately value most houses. Appraisal districts settle appeals at the informal level  to avoid the time consuming and expensive appraisal review board hearings. 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.