Home address:2416 Morningside Dr
2021 Tax Assessment: $242,290
Recent Sales Price:$177,000 – Over-taxed by 37%
Appraisal district errors in setting assessed values cause Denton County owners to pay extra taxes. Either comparable sales or condition issues at your home are useful for a market value appeal of property taxes. You can reduce your property taxes with an unequal appraisal appeal. Appraisal districts are generally very receptive to settling tax appeals at the informal hearing.
Some property owners do not appeal due to a concern the appraisal district will want to inspect their house. However, the appraisal district is MUCH too busy during the appeal season to even think about asking to inspect a property. Assessors do not visit houses because of appeals. 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. Property owners who appeal annually rarely pay more than their fair share.