Home address: 1312 W Drew St

2021 Taxable Value: $256,132

Recent Sales Price: $160,000  – Over-taxed by 60%

Appraisal district errors in setting assessed values cause Tarrant County owners to pay extra taxes. Protest market value, get a few comparable sales as evidence and you are very likely to reduce your property taxes. The lower value stands when appealing market value and unequal appraisal.  Appeal both every year. Appraisal districts are generally very receptive to settling tax appeals at the informal hearing.

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. It is difficult for appraisal districts to accurately value houses due to limited staff. Tax protests are resolved at the informal hearing since the result is within a “reasonable range of value”.  An appraisal is not an exact science and valuations are only an educated opinion of value, not a fact. 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.