Home address: 12322 Indian Mound Dr

2021 Tax Assessment: $488,756

Recent Sales Price: $330,250 – Over-taxed by 48%

Half or more of Texas homeowners are paying more than their fair share of property taxes. A market value appeal is based on the assessor’s value exceeding the market value of your home. Unequal appraisal appeals are valid when the assessment is below market value. 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. Appraisal districts use the cost approach to value houses. It is generally considered the least reliable method of appraisal. Appraisal districts settle appeals at the informal level to avoid the time consuming and expensive appraisal review board hearings. 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.