Home address: 241 Woodmont Dr
2021 Tax Assessment: $163,080
Recent Sales Price: $102,500 – Over-taxed by 59%
Texas property owners can avoid paying excess property taxes by taking several basic steps. One option to reduce your property taxes is to protest the market value. 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.
Owners are sometimes reluctant to protest property taxes due to a concern their value might be raised. This can’t and does not happen. Since 2019, neither the appraisal district or the appraisal review board can increase a property tax assessment during a protest. Mass appraisal models make it impossible for appraisal districts to accurately value most houses. 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 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.