Home address: 730 S River St

2021 Taxable Value: $245,585        

Recent Sales Price: $185,000 – Over-taxed by 33%

While most Texas homeowners pay extra property taxes, there are several simple steps you can take to limit your tax bill. A market value appeal is based on the assessor’s value exceeding the market value of your home. Unequal appraisal is a powerful tool to reduce property taxes, but many homeowners are not aware of it and don’t use it. Winning a property tax protest is easy.  Getting property owners to appeal is hard.  Only 10% of Texan home owners appeal their property taxes.

Many owners do not protest because they do not understand the process.  Most would appeal if they know how easy it is to have a high chance of success. Appraisal districts use mass appraisal to value property, basically a math model.  Overall results are OK.  However, many homes are too high or low. Most tax protests are settled at the informal level so appraisers can return to measuring and valuing new construction. Appraisal property taxes, yard work and HVAC check-ups are just a few of the responsibilities for homeowners.