Home address: 6659 Yosemite Ln
2021 Tax Assessment: $596,800
Recent Sales Price: $397,000 – Over-taxed by 50%
Half or more of Texas homeowners are paying more than their fair share of property taxes. Protesting the appraisal district’s market value will usually reduce your property taxes. Unequal appraisal appeals compare the level of assessment of your house to comparable houses, typically on a per-square-foot basis. 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. 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 settle appeals at the informal level to avoid the time-consuming and expensive appraisal review board hearings. Protest your property taxes on market value and unequal appraisal by May 15th annually. Protest even if you do not receive a value notice.