Home address: 4312 Clayton Rd W

2021 Taxable Value: $494,387  

Recent Sales Price: $329,000 – Overtaxed by 50%

Property tax assessments not carefully reviewed lead to paying more than your share of property taxes. A market value appeal is based on the assessor’s value exceeding the market value of your home. An unequal appraisal appeal is easy to prepare. Just find neighborhood homes with a lower level of assessment (per square foot). Summarize the data in a table. It is difficult to persuade property owners to protest their property taxes.  But 60 to 80% of those who do are successful. 

Many owners intended to appeal but the May 15th date slipped by with no appeal.  If you want to appeal and it is slipping your mind, consider a consultant. It is difficult for appraisal districts to accurately value homes since they rarely or never see the houses. Appraisal districts aggressively settle appeals since they have only 65 days to settle most of the appeals. 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.