Home address: 1521 Meandering Way Dr
2021 Taxable Value: $5,969,841
Recent Sales Price: $4,000,000 – Overtaxed by 49%
Texas property owners can avoid paying excess property taxes by taking several basic steps. Protest market value, get a few comparable sales as evidence and you are very likely to reduce your property taxes. 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. Appraisal districts are generally very receptive to settling tax appeals at the informal hearing.
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. It is difficult for appraisal districts to accurately value houses due to limited staff. Appraisal districts settle appeals at the informal level to avoid the time-consuming and expensive appraisal review board hearings. Protect your home by appealing property taxes annually.
