Home address: 4513 Harlan Ave
2021 Tax Assessment: $221,890
Recent Sales Price: $173,550 – Over-taxed by 28%
Half or more of Texas homeowners are paying more than their fair share of property taxes. Most market value protests are successful, typically saving the owner hundreds or thousands of dollars. An unequal appraisal is a powerful tool to reduce property taxes, but many homeowners are not aware of it and don’t use it. The Texas Comptroller reports that 80% of 2019 property tax appeals by homeowners were successful.
Some homeowners do not appeal property taxes because they are not aware of this right. You can and should protest both market value and unequal appraisal annually. Appraisal districts use the cost approach to value houses. It is generally considered the least reliable method of appraisal. 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 15th annually. Protest even if you do not receive a value notice.
