Home address: 5119 Wells Park
2021 Taxable Value: $308,772
Recent Sales Price: $248,000 – Over-taxed by 25%
Guadalupe County property investors far too often pay excess property taxes. One option to reduce your property taxes is to protest the market value. Unequal appraisal appeals are valid when the assessment is below market value. Property tax appeals are often won with a smile and a bit of data.
Some homeowners do not appeal property taxes because they are not aware of this right. You can and should protest both market value and unequal appraisal annually. It is difficult for appraisal districts to accurately value homes since they rarely or never see the houses. Appraisal districts aggressively settle appeals since they have only 65 days to settle most of the appeals. 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.