Home address: 2125 Cardinal Ln
2021 Taxable Value: $280,686
Recent Sales Price: $177,000 – Over-taxed by 59%
While most Texas homeowners pay extra property taxes, there are several simple steps you can take to limit your tax bill. Most market value protests are successful, typically saving the owner hundreds or thousands of dollars. Check the unequal appraisal box on the protest form, or your unequal appraisal appeal will be ignored. It is difficult to persuade property owners to protest their property taxes. But 60 to 80% of those who do 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. Property owners are sometimes reluctant to protest their property taxes because they believe the appeal process is difficult. It is not difficult and 60 to 80% of owners who appeal are successful. 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. Protect your home by appealing property taxes annually.