Home address: 1708 Carol Stream Dr

2021 Taxable Value: $324,450

Recent Sales Price: $200,000 – Over-taxed by 62%

Property tax assessments not carefully reviewed lead to paying more than your share of property taxes. Either comparable sales or condition issues at your home are useful for a market value appeal of property taxes. Property owners can appeal to both market value and unequal appraisal. Winning a property tax protest is easy.  Getting property owners to appeal is hard.  Only 10% of Texan homeowners appeal their property taxes.

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.