Home address: 127 Fair Wind

2021 Taxable Value: $354,764     

Recent Sales Price: $240,000 – Over-taxed by 48%

While most Texas homeowners pay extra property taxes, there are several simple steps you can take to limit your tax bill. Market value property tax appeals save home owners an average of $500, according to Texas Comptroller Glen Hager, for 2019. You can reduce your property taxes with an unequal appraisal appeal. Woody Allen said “80% of success is showing up”.  The same is true of property taxes.  If you file an appeal and attend the hearing, your chance of reducing your property taxes is excellent. 

Some homeowners believe “you can’t fight city hall.”  But property owners win 60 to 80% of property tax appeals. One reason it is difficult for appraisal districts to correctly value homes is they are not homogenous.  Some have been remodeled and some haven’t. Appraisal districts usually settle appeals at the informal hearing since it costs less and takes fewer resources. Protest your property taxes on market value and unequal appraisal by May 15th annually.  Protest even if you do not receive a value notice.