Home address: 2116 Parrott Ave

2021 Tax Assessment: $102,430

Recent Sales Price: $80,000 – Over-taxed by 28%

Property tax assessments not carefully reviewed lead to paying more than your share of property taxes. Protesting the appraisal district’s market value with usually reduce your property taxes. The lower value stands when appealing to market value and unequal appraisal. Appeal both every year. The Texas Comptroller reports that 80% of 2019 property tax appeals by homeowners were successful.

Many owners do not protest because they do not understand the process. Most would appeal if they know how easy it is and the high chance of success. 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 owners have a duty and responsibility to appraisal property taxes annually. It is not prudent or reasonable to rely on the appraisal district’s estimate.