Home address: 2802 Summertree Ln

2021 Taxable Value: $757,307

Recent Sales Price: $489,093 – Over-taxed by 55%

Appraisal district errors in setting assessed values cause Tarrant County owners 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 compare the level of assessment of your house to comparable houses, typically on a per square foot basis. The Texas Comptroller reports that 80% of 2019 property tax appeals by homeowners were successful.

Many owners do not protest because they do not understand the process.  Most would appeal if they know how easy it is to have a high chance of success. It is difficult for appraisal districts to accurately value homes since they rarely or never see the houses. One reason appraisal districts are motivated to settle protests is to maintain goodwill with the community. Protesting your property taxes annually is analogous to regularly changing the oil in your car.  Preventative maintenance avoids serious problems.