Home address: 8516 Valleycrest Dr

2021 Tax Assessment: $234,000

Recent Sales Price: $180,000 – Over-taxed by 30%

McLennan County property investors far too often pay excess property taxes. Either comparable sales or condition issues at your home are useful for a market value appeal of 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. It is difficult to persuade property owners to protest their property taxes. But 60 to 80% of those who do are successful.

Many owners intended to appeal but the May 15^th date slipped by with no appeal. If you want to appeal and it is slipping your mind, consider a consultant. 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 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 15^th annually. Protest even if you do not receive a value notice.