Home address: 804 E Glendale St
2021 Taxable Value: $211,628
Recent Sales Price: $120,000 – Over-taxed by 76%
Tarrant County property investors far too often pay excess property taxes. Protesting the appraisal district’s market value with usually reduce your property taxes. Unequal appraisal appeals compare the level of assessment of your house to comparable houses, typically on a per square foot basis. Woody Allen said “80% of success is showing up”. The same is true of property taxes. If you file an appeal and attend the hearing, your chance of reducing your property taxes is excellent.
Some homeowners believe “you can’t fight city hall.” But property owners win 60 to 80% of property tax appeals. It is difficult for appraisal districts to accurately value homes since they rarely or never see the houses. Appraisal districts usually settle appeals at the informal hearing since it costs less and takes fewer resources. Property owners who appeal annually rarely pay more than their fair share.