Home address: 1668 Heritage Pkwy

2021 Tax Assessment: $401,310

Recent Sales Price: $307,000 – Over-taxed by 31%

McLennan County property investors far too often pay excess property taxes. Appraisal districts are flexible on market value appeals given a large number of houses they value and that are protested. 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. Woody Allen said, “80% of success is showing up”.  The same is true of property taxes.  If you file an appeal and attend the hearing, your chance of reducing your property taxes is excellent.

Some property owners do not appeal due to a concern the appraisal district will want to inspect their house.  However, the appraisal district is MUCH too busy during the appeal season to even think about asking to inspect a property.  Assessors do not visit houses because of appeals. It is difficult for appraisal districts to accurately value houses due to limited staff. 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. Protect your home by appealing property taxes annually.