Home address: 501 S Main

2021 Tax Assessment: $114,270

Recent Sales Price: $90,000 – Over-taxed by 27%

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. Check the unequal appraisal box on the protest form, or your unequal appraisal appeal will be ignored. 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.

Owners are sometimes reluctant to protest property taxes due to a concern their value might be raised. This can’t and does not happen. Since 2019, neither the appraisal district or the appraisal review board can increase a property tax assessment during a protest. Mass appraisal models make it impossible for appraisal districts to accurately value most houses. Most tax protests are settled at the informal level so appraisers can return to measuring and valuing new construction. 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.