Home address: 5933 Sundown Dr
2021 Taxable Value: $264,744
Recent Sales Price: $171,000 – Overtaxed by 55%
Property tax assessments not carefully reviewed lead to paying more than your share of property 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. The majority who appeal their Texas property taxes are successful.
Many owners do not protest because they do not understand the process. Most would appeal if they know how easy it is to have a high chance of success. Appraisal districts use the cost approach to value houses. It is generally considered the least reliable method of appraisal. Most tax protests are settled at the informal level so appraisers can return to measuring and valuing new construction. Property owners who appeal annually rarely pay more than their fair share.
