Home address: 5225 Ira St N

2021 Taxable Value: $190,015 

Recent Sales Price: $120,000 – Overtaxed by 58%

Tarrant County homeowners are often unaware of the factors that cause them to pay extra taxes. Market value property tax appeals save homeowners an average of $500, according to Texas Comptroller Glen Hager, for 2019. Unequal appraisal appeals are valid when the assessment is below market value. Winning a property tax protest is easy. Getting property owners to appeal is hard.  Only 10% of Texan homeowners appeal their property taxes. 

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. One reason it is difficult for appraisal districts to correctly value homes is they are not homogenous.  Some have been remodeled and some haven’t. Appraisal districts settle appeals at the informal level to avoid the time-consuming and expensive appraisal review board hearings. 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.