Home address: 1718 Buena Vista St
2021 Taxable Value: $191,100
Recent Sales Price: $95,000 – Over-taxed by 101%
Appraisal district errors in setting assessed values cause Dallas County owners to pay extra taxes. One option to reduce you property taxes is to protest the market value. Property owners can appeal 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.
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. One reason it is difficult for appraisal districts to correctly value homes is they are not homogenous. Some have been remodeled and some haven’t. Appraisal districts are willing to settle property tax appeals because they realize their values are not precise. Not appealing your property taxes annually is the equivalent of volunteering to pay extra property taxes.
Comments are closed.