Home address: 5030 Canyon Trl
2021 Tax Assessment: $1,210,780
Recent Sales Price: $956,500 – Over-taxed by 27%
Most homeowners who do not appeal annually pay excess property taxes. Protesting the appraisal district’s market value with usually reduce your property taxes. An unequal appraisal is a powerful tool to reduce property taxes, but many homeowners are not aware of it and don’t use it. Appraisal districts are generally very receptive to settling tax appeals at the informal hearing.
Many owners intended to appeal but the May 15th date slipped by with no appeal. If you want to appeal and it is slipping your mind, consider a consultant. It is difficult for appraisal districts to accurately value houses due to limited staff. Most tax protests are settled at the informal level so appraisers can return to measuring and valuing new construction. Protest your property taxes on market value and unequal appraisal by May 15th annually. Protest even if you do not receive a value notice.