Home address: 1114 Cambridge St
2021 Taxable Value: $163,000
Recent Sales Price: $105,000 – Overtaxed by 55%
Tarrant County homeowners are often unaware of the factors that cause them to pay extra taxes. Appraisal districts are flexible on market value appeals given the large number of houses they value and that are protested. You can reduce your property taxes with an unequal appraisal appeal. 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. One reason it is difficult for appraisal districts to correctly value homes is they are not homogenous. Some have been remodeled and some haven’t. Appraisal districts aggressively settle appeals since they have only 65 days to settle most of the appeals. 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.
