Home address: 520 N 26Th St

2021 Tax Assessment: $122,120

Recent Sales Price: $96,000 – Over-taxed by 27%

Most homeowners who do not appeal annually 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 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. Appraisal districts use the cost approach to value houses. It is generally considered the least reliable method of appraisal. Tax protests are resolved at the informal hearing since the result is within a “reasonable range of value”. An appraisal is not an exact science and valuations are only an educated opinion of value, not a fact. 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.