Home address: 4113 Lullwood Rd

2021 Taxable Value: $954,376

Recent Sales Price: $500,000 – Over-taxed by 91%

Property tax assessments not carefully reviewed lead to paying more than your share of property taxes. Protest market value, get a few comparable sales as evidence and you are very likely to reduce your property taxes. Property owners can appeal both market value and unequal appraisal. It is difficult to persuade property owners to protest their property taxes.  But 60 to 80% of those who do are successful.

Many owners intended to appeal but the May 15th date slipped by with no appeal.  If you want to appeal and it is slipping your mind, consider a consultant. Appraisal districts use mass appraisal to value property, basically a math model.  Overall results are OK.  However, many homes are too high or low. 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. Protect your home by appealing property taxes annually.