Home address: 105 Shady Brook Dr

2021 Taxable Value: $219,000

Recent Sales Price: $140,000  – Over-taxed by 56%

Property tax assessments not carefully reviewed lead to paying more than your share of property taxes. Tarrant County Appraisal districts are flexible on market value appeals given a large number of houses they value and that are protested. An unequal appraisal is a powerful tool to reduce property taxes, but many homeowners are not aware of it and don’t use it. It is difficult to persuade property owners to protest their property taxes.  But 60 to 80% of those who do are successful.

Many owners do not protest because they do not understand the process.  Most would appeal if they know how easy it is and the high chance of success. 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 owners who appeal annually rarely pay more than their fair share.