Home address: 211 E Kingsbury St

2021 Taxable Value: $129,619       

Recent Sales Price: $101,500 – Over-taxed by 28%

Half or more of Texas homeowners are paying more than their fair share of property taxes. Market value property tax appeals save home owners an average of $500, according to Texas Comptroller Glen Hager, for 2019. Unequal appraisal appeals are valid when the assessment is below market value. It is difficult to persuade property owners to protest their property taxes. But 60 to 80% of those who do are successful.

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. Appraisal districts use the cost approach to value houses.  It is generally considered the least reliable method of appraisal. Appraisal districts usually settle appeals at the informal hearing since it costs less and takes fewer resources. Property taxes are the largest tax most Texans face.  But it is a stealth tax hidden in the mortgage payment, disguising the size of property taxes paid.