Home address: Single Oak Rd

2021 Taxable Value: $462,363     

Recent Sales Price: $305,784 – Over-taxed by 51%

Most homeowners who do not appeal annually pay excess property taxes. Protest market value, get a few comparable sales as evidence and you are very likely to reduce your property taxes. The lower value stands when appealing market value and unequal appraisal.  Appeal both every year. 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. Not appealing your property taxes annually is the equivalent of volunteering to pay extra property taxes.