Home address: 2925 Live Oak Ave
2021 Tax Assessment: $174,060
Recent Sales Price: $137,500 – Over-taxed by 27%
Texas property owners can avoid paying excess property taxes by taking several basic steps. Appraisal districts are flexible on market value appeals given a large number of houses they value and that are protested. Property owners can appeal both market value and unequal appraisal. Appraisal districts are generally very receptive to settling tax appeals at the informal hearing.
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. 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. Appraisal districts settle appeals at the informal level to avoid the time-consuming and expensive appraisal review board hearings. Protest your property taxes on market value and unequal appraisal by May 15th annually. Protest even if you do not receive a value notice.
