Home address: 2818 White Gum Ln

2021 Taxable Value: $251,420

Recent Sales Price: $165,500 – Over-taxed by 52%

Property tax assessments not carefully reviewed lead to paying more than your share of property taxes. Most market value protests are successful, saving the owner hundreds or thousands of dollars. The lower value stands when appealing to market value and unequal appraisal.  Appeal both every year. Winning a property tax protest is easy.  Getting property owners to appeal is hard.  Only 10% of Texan homeowners appeal their property taxes.

Property owners are sometimes reluctant to protest their property taxes because they believe the appeal process is difficult.  It is not difficult and 60 to 80% of owners who appeal are successful. Incorrect property data such as grade, effective year built, condition, etc lead to substantial errors in appraisal district values for houses. Appraisal districts settle appeals at the informal level to avoid the time-consuming and expensive appraisal review board hearings. Property taxes are the largest tax most Texans face.  But it is a stealth tax hidden in the mortgage payment, disguising the size of property taxes paid