Home address: Schubert Rd
2021 Taxable Value: $302,073
Recent Sales Price: $241,600 – Over-taxed by 25%
Most homeowners who do not appeal annually pay excess property taxes. One option to reduce your property taxes is to protest the market value. Property owners can appeal both market value and unequal appraisal. Winning a property tax protest is easy. Getting property owners to appeal is hard. Only 10% of Texan home owners appeal their property taxes.
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 aggressively settle appeals since they have only 65 days to settle most of the appeals. Not appealing your property taxes annually is the equivalent of volunteering to pay extra property taxes.
