Home address: 526 N Main
2021 Tax Assessment: $127,840
Recent Sales Price: $100,000 – Over-taxed by 28%
Most homeowners who do not appeal annually pay excess property taxes. Market value property tax appeals save homeowners an average of $500, according to Texas Comptroller Glen Hager, for 2019. The lower value stands when appealing to market value and unequal appraisal. Appeal both every year. 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. Appraisal districts use a mass appraisal to value property, basically a math model. Overall results are OK. However, many homes are too high or low. Most tax protests are settled at the informal level so appraisers can return to measuring and valuing new construction. Property taxes are the largest tax most Texans face. But it is a stealth tax hidden in the mortgage payment, disguising the size of property taxes paid.
