Home address: 7013 Oldham Cliff
2021 Taxable Value: $375,022
Recent Sales Price: $300,000 – Over-taxed by 25%
Guadalupe County home owners are often unaware of the factors that cause them to pay extra taxes. One option to reduce your property taxes is to protest the market value. The lower value stands when appealing market value and unequal appraisal. Appeal both every year. Appraisal districts are generally very receptive to settling tax appeals at the informal hearing.
Some homeowners believe “you can’t fight city hall.” But property owners win 60 to 80% of property tax appeals. Appraisal districts use the cost approach to value houses. It is generally considered the least reliable method of appraisal. Appraisal districts settle appeals at the informal level to avoid the time consuming and expensive appraisal review board hearings. Not appealing your property taxes annually is the equivalent of volunteering to pay extra property taxes.