Home address: 2833 Barr Dr
2021 Taxable Value: $428,170
Recent Sales Price: $230,000 – Over-taxed by 86%
Tarrant County home owners are often unaware of the factors that cause them to pay extra taxes. One option to reduce you property taxes is to protest the market value. Property owners can appeal both market value and unequal appraisal. Appraisal districts are generally very receptive to settling tax appeals at the informal hearing.
Some homeowners do not appeal property taxes because they are not aware of this right. You can and should protest both market value and unequal appraisal annually. Appraisal districts use mass appraisal to value property, basically a math model. Overall results are OK. However, many homes are too high or low. Mass appraisal models make it impossible for appraisal districts to accurately value most houses. One reason appraisal districts are motivated to settle protests is to maintain goodwill with the community.
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