Home address: 2802 W Us Hwy 90
2021 Taxable Value: $224,351
Recent Sales Price: $168,650 – Over-taxed by 33%
Texas property owners can avoid paying excess property taxes by taking several basic steps. One option to reduce your property taxes is to protest the market value. An unequal appraisal appeal is easy to prepare. Just find neighborhood homes with a lower level of assessment (per square foot). Summarize the data in a table. The Texas Comptroller reports 80% of 2019 property tax appeals by homeowners were successful.
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. It is impossible for 2,272 Texas appraisal district appraisers to track physical condition and value for over 20 million properties.Tax protests are resolved at the informal hearing since the result is within a “reasonable range of value”. Appraisal is not an exact science and valuations are only an educated opinion of value, not a fact. Property owners have a duty and responsibility to appraise property taxes annually. It is not prudent or reasonable to rely on the appraisal district’s estimate.
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