Home address: 1507 Carswell Terr

2021 Taxable Value: $168,008

Recent Sales Price: $95,000 – Over-taxed by 77%

Texas property owners can avoid paying excess property taxes by taking several basic steps. One option to reduce you property taxes is to protest the market value. 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. The majority who appeal their Texas property taxes are successful.

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 the cost approach to value houses.  It is generally considered the least reliable method of appraisal. Tax protests are resolved at the informal hearing since the result is within a “reasonable range of value”.  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 appraisal property taxes annually.  It is not prudent or reasonable to rely on the appraisal district’s estimate.