Home address: 354 Vandiver Rd
2021 Tax Assessment: $488,580
Recent Sales Price: $375,000 – Over-taxed by 30%
Most homeowners who do not appeal annually pay excess property taxes. Protest market value, get a few comparable sales as evidence and you are very likely to reduce your property taxes. Property owners can appeal both market value and unequal appraisal. The Texas Comptroller reports that 80% of 2019 property tax appeals by homeowners were successful.
Some homeowners believe “you can’t fight city hall.” But property owners win 60 to 80% of property tax appeals. It is impossible for 2,272 Texas appraisal district appraisers to track the physical condition and value of over 20 million properties. 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. 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.