Home address: 2923 Live Oak Ave
2021 Tax Assessment: $152,650
Recent Sales Price: $120,000 – Over-taxed by 27%
While most Texas homeowners pay extra property taxes, there are several simple steps you can take to limit your tax bill. Protesting the appraisal district’s market value with usually reduce your property taxes. An unequal appraisal appeal is easy to prepare. Just find neighborhood homes with a lower level of assessment (per square foot). Summarize the data in a table. It is difficult to persuade property owners to protest their property taxes. But 60 to 80% of those who do are successful.
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. One reason it is difficult for appraisal districts to correctly value homes is they are not homogenous. Some have been remodeled and some haven’t. 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.
