Home address: 14101 Running Deer Trl
2021 Taxable Value: $550,411
Recent Sales Price: $329,000 – Over-taxed by 67%
Appraisal district errors in setting assessed values cause Travis County owners to pay extra taxes. Protesting the appraisal district’s market value with usually reduce your property taxes. Unequal appraisal appeals are valid when the assessment is below market value. Property tax appeals are often won with a smile and a bit of data.
Some homeowners believe “you can’t fight city hall.” But property owners win 60 to 80% of property tax 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 are willing to settle property tax appeals because they realize their values are not precise. Property owners who appeal annually rarely pay more than their fair share.