Home address: 6207 British Ln
2021 Taxable Value: $235,000
Recent Sales Price: $155,000 – Overtaxed by 52%
Tarrant County homeowners are often unaware of the factors that cause them to pay extra taxes. Either comparable sales or condition issues at your home are useful for a market value appeal of property taxes. You can reduce your property taxes with an unequal appraisal appeal. 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.
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. Incorrect property data such as grade, effective year built, condition, etc lead to substantial errors in appraisal district values for houses. Appraisal districts settle appeals at the informal level to avoid the time-consuming and expensive appraisal review board hearings. Property taxes are the largest tax most Texans face. But it is a stealth tax hidden in the mortgage payment, disguising the size of property taxes paid.
