Home address: 1113 S Meadows Dr

2021 Taxable Value: $386,562

Recent Sales Price: $225,000 – Over-taxed by 72%

Property tax assessments not carefully reviewed lead to paying more than your share of property taxes. One option to reduce you property taxes is to protest the market value. Check the unequal appraisal box on the protest form, or your unequal appraisal appeal will be ignored. It is difficult to persuade property owners to protest their property taxes.  But 60 to 80% of those who do 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. It is difficult for appraisal districts to accurately value houses due to limited staff. Appraisal districts are receptive to settling property tax protests for houses at the informal level because it has only a nominal impact on the total tax base. 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.