Home address: 7941 Sunrise Dr
2021 Taxable Value: $268,546
Recent Sales Price: $172,000 – Overtaxed by 56%
Half or more of Texas homeowners are paying more than their fair share of property taxes. Most market value protests are successful, typically saving the owner hundreds or thousands of dollars. Unequal appraisal appeals compare the level of assessment of your house to comparable houses, typically on a per square foot basis. The majority who appeal their Texas property taxes are successful.
Some property owners do not appeal due to a concern the appraisal district will want to inspect their house. However, the appraisal district is MUCH too busy during the appeal season to even think about asking to inspect a property. Assessors do not visit houses because of appeals. Appraisal districts use mass appraisal to value property, basically a math model. Overall results are OK. However, many homes are too high or low. Appraisal districts aggressively settle appeals since they have only 65 days to settle most of the appeals. Protesting your property taxes annually is analogous to regularly changing the oil in your car. Preventative maintenance avoids serious problems.