Home address: 1525 Ne 38Th St

2021 Taxable Value: $134,915

Recent Sales Price: $74,000 – Over-taxed by 82%

Appraisal district errors in setting assessed values cause Tarrant County owners to pay extra taxes. One option to reduce you 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.  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. Appraisal districts use the cost approach to value houses.  It is generally considered the least reliable method of appraisal. Appraisal districts are willing to settle property tax appeals because they realize their values are not precise. 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.