Home address: 1212 Edgemont Dr
2021 Taxable Value: $180,180
Recent Sales Price: $108,000 – Over-taxed by 67%
Appraisal district errors in setting assessed values cause Dallas County owners to pay extra taxes. A market value appeal is based on the assessor’s value exceeding the market value of your home. Unequal appraisal appeals compare the level of assessment of your house to comparable houses, typically on a per square foot basis. 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. It is impossible for 2,272 Texas appraisal district appraisers to track the physical condition and value of over 20 million properties. Appraisal districts usually settle appeals at the informal hearing since it costs less and takes fewer resources. 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.